Industry News: Cyber

Know Your Breach: Bitpoint

Written by Cybersecurity | Jul 19, 2019 8:20:28 PM

The target: Bitpoint - A Tokyo based cryptocurrency exchange.

The take: 28 million USD total. 24 million were customer assets and 4 million were company assets. All of Bitpoint’s services are now suspended for customers.

The attack vector: Unauthorized access to its hot (stored/accessible online) wallet system through the mismanagement and compromise of user’s private keys. No breach of cold (offline storage) wallets were detected.

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