DMM Bitcoin, a cryptocurrency exchange under Japan's DMM.com Group, has reported a substantial theft involving approximately $300 million worth of Bitcoin.
On May 31, at 13:26 Japan time, the exchange detected unauthorized Bitcoin withdrawals from its wallet. In response, DMM Bitcoin has implemented restrictions on certain services to bolster security.
Report on Cryptocurrency Leakage Source: DMM Bitcoin
The exchange confirmed that 4,502.9 BTC, valued at about 48.2 billion yen (or roughly $300 million), were illicitly transferred from their wallet. The platform is currently investigating the incident.
To address the loss, DMM Bitcoin plans to replenish the stolen amount with the assistance of its group company. They assured customers that their Bitcoin holdings would remain fully intact.
In light of the incident, DMM Bitcoin has restricted several services, including new user account registrations, cryptocurrency withdrawals, new buy orders for spot trading, and new leveraged trading positions, though settlement orders will still be accepted.
The exchange has promised further updates on the resumption of these services as the situation develops.
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