DMM Bitcoin
Contents
DMM Bitcoin - Rekt
Centralized Japanese crypto exchange DMM Bitcoin exploited for more than $304 million in Bitcoin, the biggest hack since Dec 2022 and one of the largest crypto hacks ever.
Initially reported by Whale Alert as 4,502 BTC being transferred from an unknown wallet to an unknown new wallet.
DMM confirmed shortly after that the BTC was illegally leaked from their wallet.
DMM has refrained from providing additional details on the apparent hack's execution, stating that they are actively investigating the incident and implementing safeguards to prevent future occurrences.
While assuring all BTC deposits remain guaranteed, the exchange has temporarily halted spot trading buy orders, leveraged position openings, and new account screenings.
The DMM Bitcoin hack appears to be the third-largest cryptocurrency theft in Japan's history, after the 2018 Coincheck hack where over $530 million worth of XEM was stolen.
Japan was also home to the infamous Mt. Gox exchange collapse in 2014.
Over 809,000 BTC …
Centralized Japanese crypto exchange DMM Bitcoin exploited for more than $304 million in Bitcoin, the biggest hack since Dec 2022 and one of the largest crypto hacks ever.
Initially reported by Whale Alert as 4,502 BTC being transferred from an unknown wallet to an unknown new wallet.
DMM confirmed shortly after that the BTC was illegally leaked from their wallet.
DMM has refrained from providing additional details on the apparent hack's execution, stating that they are actively investigating the incident and implementing safeguards to prevent future occurrences.
While assuring all BTC deposits remain guaranteed, the exchange has temporarily halted spot trading buy orders, leveraged position openings, and new account screenings.
The DMM Bitcoin hack appears to be the third-largest cryptocurrency theft in Japan's history, after the 2018 Coincheck hack where over $530 million worth of XEM was stolen.
Japan was also home to the infamous Mt. Gox exchange collapse in 2014.
Over 809,000 BTC …
IoC
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