Upbit Is the Seventh Major Crypto Exchange Hack of 2019

Japanese exchange Bitpoint lost $28 million in a July hack that hit 50,000 users. It is not known how the hackers breached Bitpoint’s security, though it forced Bitpoint to halt trading for a month. Soon after the hack, Bitpoint’s parent company, Remixpoint, promised to reimburse affected users. Trading in Bitpoint’s five supported cryptos (bitcoin, bitcoin cash, ether, litecoin and XRP) started up again in August.