Japan's Financial Services Agency requires DMM Bitcoin to investigate the cause of the theft and submit a customer compensation plan

In response to the abnormal outflow of crypto assets from DMM Bitcoin, Japanese Finance Minister Shunichi Suzuki said: "We will thoroughly prevent such incidents from happening again." The head of the Japanese Financial Services Agency revealed that the agency has issued a report request order to DMM Bitcoin in accordance with the Funds Settlement Act, requiring it to report the cause investigation and compensation plan for customers. (Bloomberg) Previously on May 31, Japanese cryptocurrency exchange DMM Bitcoin suffered a hacker attack, with a loss of US$305 million. The exchange was stolen 4,502.9 bitcoins. DMM Bitcoin said it would guarantee the full amount of the stolen amount. At present, all spot purchases are temporarily restricted, and customers who withdraw yen may face delays. It is reported that this is the second largest hacker attack loss amount for Japanese cryptocurrency exchanges. In 2018, Coincheck was hacked and lost 58 billion yen.