DMM Bitcoin, a Japanese crypto exchange, announced a devastating loss of $305 million due to a recent hack.
The breach resulted in 4,502.9 Bitcoin (BTC) being siphoned from the platform.
Japanese Crypto Exchange Suffers $305 Million Hack
In a blog post, DMM Bitcoin disclosed the security breach, stating that immediate measures were implemented to prevent further unauthorized transactions.
“Please be assured that we will procure the equivalent amount of BTC equivalent to the outflow with the support of the group companies and guarantee the full amount,” the crypto exchange assured its users.
Following the incident, DMM Bitcoin has temporarily restricted all spot purchases on its platform. Additionally, the company warned that withdrawals in Japanese yen might experience delays, urging users to remain patient as they navigate the aftermath of the hack.
Read more: 17 Best No KYC Crypto Exchanges: Top Choices in 2024
This incident highlights the ongoing vulnerabilities within the crypto industry, even among prominent exchanges. DMM Bitcoin’s swift response and commitment to covering the losses reflect its dedication to maintaining customer trust and stability in the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Kommentar hinterlassen