The year 2019 will not go down in the cryptocurrency history books as the most secure year for trading platforms. Numerous companies have already been hacked this year, and it now seems BitPoint can be added to this growing list. The Japanese trading platform has been compromised and funds have been taken from the company during the incident. It is believed up to $32m worth of funds has fallen into the wrong hands, with the majority of this value belonging to BitPoint clients. 

Termination of Funding Services

A lot of BitPoint users were taken aback when the company suddenly decided to terminate both deposits and withdrawals this morning. At roughly 10:30 AM local time, the company issued a brief statement explaining what was going on exactly. Users had already complained about deposit and withdrawal issues in the hours prior to this news, but it seemed that was only the first order of business for the company.

In the statement, BitPoint explains how all of the exchange’s services would be suspended for an indefinite period…

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Source: https://themerkle.com/japanese-bitpoint-cryptocurrency-exchange-loses-32m-following-hack/