Japan-based crypto platform Bitpointwill be restarting its trading operations after it temporarily closed due to the $28 million hack in mid-July.
Bitpoint will be re-enabling its fiat cash deposits and withdrawals starting with August 6th after a period of assessing the security of its cryptocurrency wallet. it has been reported that the wallet from which the funds were stolen is no longer in use and of risk of being hacked again.
Margin trading services will start on August 9th, which uses a similar wallet to fiat withdrawals. Spot trading will be available starting on August 13th.
It has been confirmed by Bitpoint that in the hack they lost 1,225 bitcoin, 1,985 bitcoin cash, 11,169 ether, and 5,108 Litecoin. Deposits, trading, and withdrawals were immediately halted and the exchange temporarily shut down. The hot wallet hacked had five cryptocurrencies: bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple.
The hacker stole 3.5 billion yen ($32 million), with 2.5 billion yen belonging to the exchange’s users.