$300 million attack in Japan
After experiencing a major hacking incident, DMM Bitcoin, a Japan-based company, aims to raise funds in order to acquire Bitcoin.
Following a significant hacking incident, DMM Bitcoin, a Japanese company, is seeking to raise funds for the purpose of purchasing Bitcoin.
The company suffered a loss of 4,502.9 Bitcoin in the hack and intends to secure 50 billion yen ($321 million) to reimburse affected customers and safeguard its cryptocurrency assets.
Currently, an investigation is underway to ascertain the specifics of the unauthorized outflow.
This breach ranks as the seventh-largest in the history of cryptocurrency, resulting in a compromise of $305 million in customer funds.
DMM Bitcoin has reassured its customers that their Bitcoin deposits will be fully safeguarded and has made a commitment to recover the leaked BTC with the assistance of its partner companies.
The Japanese Financial Services Agency has advised DMM Bitcoin to disclose its customer compensation policies, while the government is actively working to prevent similar incidents at crypto exchanges within the country.
Japan has encountered multiple crypto exchange hacks, including the Liquid hack in August 2021 and the Coincheck hack in 2018.
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Comments
palermo
oh my god
Poor shareholders
I hope the insurance can cover their losses
Replay