SBI Crypto
Contents
SBI Crypto - Rekt
Six months after positioning itself as the white knight rescuing DMM Bitcoin's customers after a $308 million North Korean hack, SBI Crypto discovered that playing savior doesn't grant immunity from the same attackers.
September 24th turned into a $24 million disappearing act across five blockchains while Japan's "safe and secure" mining giant marketed its stability to institutional clients.
By the time ZachXBT flagged the bleeding on October 1st, the funds had already hopscotched through instant exchanges and vanished into Tornado Cash's digital fog.
SBI's response? A corporate haiku of non-information two days later, confirming an "unauthorized outflow" while promising only a "minor impact" on consolidated results.
No explanation of how. No details of when they noticed. No acknowledgment that their mining subsidiary's treasury was drained using an attack pattern reminiscent of the DMM Bitcoin compromise they'd recently absorbed.
Meanwhile, those DMM Bitcoin customers transferring to SBI's platform in March 2025 must be …
Six months after positioning itself as the white knight rescuing DMM Bitcoin's customers after a $308 million North Korean hack, SBI Crypto discovered that playing savior doesn't grant immunity from the same attackers.
September 24th turned into a $24 million disappearing act across five blockchains while Japan's "safe and secure" mining giant marketed its stability to institutional clients.
By the time ZachXBT flagged the bleeding on October 1st, the funds had already hopscotched through instant exchanges and vanished into Tornado Cash's digital fog.
SBI's response? A corporate haiku of non-information two days later, confirming an "unauthorized outflow" while promising only a "minor impact" on consolidated results.
No explanation of how. No details of when they noticed. No acknowledgment that their mining subsidiary's treasury was drained using an attack pattern reminiscent of the DMM Bitcoin compromise they'd recently absorbed.
Meanwhile, those DMM Bitcoin customers transferring to SBI's platform in March 2025 must be …
IoC
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