$300 Million in Bitcoin Lost After Major Japanese Crypto Exchange Hack

The exchange detected the unauthorized leak at around 1:26 p.m. and immediately implemented measures to prevent further unauthorized outflows.In response to the hack, DMM Bitcoin assured users that they would procure the equivalent amount of the stolen Bitcoin with the help of group companies, guaranteeing the full amount. The exchange has also restricted all spot buys and warned that Japanese yen withdrawals might experience delays.

Chainalysis has labelled the stolen funds in our products.The exchange has taken additional safety measures and implemented service restrictions to ensure further security. Despite the breach, DMM Bitcoin has committed to fully guaranteeing all customer Bitcoin deposits.Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto.

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