4,502.9 BTC ($305 million) was stolen from the exchange.DMM Bitcoin said it will guarantee the full amount stolen.All spot buys have been temporarily restricted and customers withdrawing yen may face delays.
As a seasoned crypto investor with years of experience under my belt, I can’t help but feel a pang of disappointment and frustration upon hearing the news of yet another major cryptocurrency exchange hack. DMM Bitcoin, a Japanese exchange, announced that an astounding 4,502.9 BTC ($305 million) was stolen from their platform in a recent cyberattack.DMM Bitcoin, a major Japanese cryptocurrency platform, announced that it suffered a substantial loss of approximately 48 billion yen, equivalent to around $305 million, due to a recent hacking incident.

In a recent announcement on their website, DMM Bitcoin disclosed that an estimated 4,502.9 Bitcoins left the exchange without authorization. Rest assured, immediate actions have been implemented by the team to prevent any further unauthorized outflows and ensure the security of the platform.

DMM Bitcoin guarantees that they will obtain an equal amount of Bitcoin using the assistance of their affiliated companies to compensate for the outflow, ensuring the completion of the transaction in full.

The platform has put a hold on all immediate purchases using the spot market, and notified users that Japanese yen withdrawals could take longer than typical.

The loss marks the second largest in the region. Coincheck was hacked for 58 billion yen in 2018.

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2024-05-31 17:03