Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack

Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack

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- DMM Bitcoin, a Japanese cryptocurrency exchange, lost 48 billion yen ($305 million) in a hack.

- The exchange has guaranteed that it will cover the full amount stolen.

- Spot buys on the platform have been temporarily restricted and yen withdrawals may face delays.

- This is the second largest cryptocurrency hack in the region, with Coincheck being hacked for 58 billion yen in 2018.

https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/

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