DMM Bitcoin Suffers Largest Monthly Loss in 2024

According to Odaily, DMM Bitcoin, a Japanese cryptocurrency exchange, has experienced a significant theft resulting in a loss of $305 million worth of Bitcoin in May. This incident marks the largest monthly loss for the year 2024. The loss suffered by DMM Bitcoin is the sixth-largest recorded in the past three years. Since the beginning of the year, the total loss has reached approximately $821 million. The theft at DMM Bitcoin underscores the ongoing security challenges faced by cryptocurrency exchanges worldwide.