Japanese Exchange DMM Bitcoin Hacked for Over $300 Million in BTC

Today, major Japanese cryptocurrency exchange DMM Bitcoin reported a major security breach that resulted in the loss of 4,502.9 BTC, currently valued at over $300 million. The incident occurred at approximately 1:26 pm and involved unauthorized access to the exchange's wallet.

In an official statement, DMM Bitcoin said that measures have been taken to prevent further unauthorized access by imposing restrictions on certain services in an effort to enhance security. These restrictions include suspending new account openings, processing cryptocurrency withdrawals, and accepting new buy orders for spot trading. However, current limit orders and JPY withdrawals may experience delays.

DMM Bitcoin said it is committed to fully escrowing all customer deposits in Bitcoin. “Please be assured that all your Bitcoin (BTC) deposits will be fully collateralized as we will purchase the equivalent amount of leaked BTC with the support of our group companies,” the announcement said. advertiser.

The exchange says it “deeply apologizes for any inconvenience caused to our customers” and is actively investigating the details of the breach. DMM Bitcoin says it will provide updates as more information becomes available.

For further inquiries and affected customers, we recommend visiting DMM Bitcoin Customer Support page.

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