Review on BITPoint Japan by Gerald Benard
My review on Bitpoint.
Bitpoint is a unique initiative that cannot be forgotten as it has merged different features of trading and has put forth an outstanding exchange platform for investors,precisely Japanese residence. It is more of a centralized blockchain technology that is not controlled by different users but a single blockchain ntity. As a hybrid for exchange of different cryptocurrency pairs, it also offers the best exchange rate and fees in performing transactions without any limit. However, it is so said to discover that this exchange platform has been bridged by a group of cybercriminals. Furthermore, after the attack it was able to recover $2.3 million of it stolen cryptocurrency assets. Mean while, here are the details of it loss. It lost 1,225 btc, 11,169 Eth, 1985 Bch, 5108 Ltc and 28 million worth of XRP. However, in cumulation it lost over $30 million worth of crypto.
In addition, it is a platform that keeps to it policies and as such it was able to refund it users the stolen fund not completely but as a form of compensation for her loss. It is also a Japanese exchange company that was formed in 2016.
Pros
- It offered compensation for lost fund to all it users.
Cons
- It is has not responded to any mails lately.
- No details on platform background.
- Inactive.
- Failed project for exchange due to hackers.
