Japanese cryptocurrency exchange BITpoint, was hacked in July. It lost a grand total of $30 million in July. The company lost $28 million in customer funds from the platform in Japan and another $2 million from exchanges using BITPoint outside Japan.
Among the stolen financial assets were Bitcoin, XRP, Ether, Litecoin and Bitcoin cash.
The Japanese Financial Services Agencies (FSA) found that BITpoint has no risk management system in place or any kind of user protection. They gave the have giving cryptocurrency exchange time till 2020, to submit an improvement plan, to show that they can change this state of affairs that .
Asahi Shimbun, the president of BITPoint, announced that he will reimburse all customers that were affected by the scam