CDS Crypto News Crypto News Today- DMM Bitcoin: Japanese Crypto Exchange Suffers $305 Million Hack
Crypto News

Crypto News Today- DMM Bitcoin: Japanese Crypto Exchange Suffers $305 Million Hack

34
Crypto News Today- Japanese Crypto Exchange Suffers $305 Million Hack

DMM Bitcoin: Japanese Crypto Exchange Faces $305 Million Security Breach

Crypto NewsDMM Bitcoin, a Japanese cryptocurrency exchange, has announced a staggering loss of $305 million following a recent hacking incident.

As a result of the breach, a total of 4,502.9 Bitcoin (BTC) was siphoned from the platform.

Japanese Cryptocurrency Exchange Hit by $305 Million Cyberattack

In a blog post, DMM Bitcoin revealed the security breach, affirming that prompt actions were taken to halt any additional unauthorized transactions.

In response to the incident, DMM Bitcoin has temporarily halted all spot purchases on its platform. Furthermore, the company cautioned users about potential delays in Japanese yen withdrawals, advising them to remain patient while they address the aftermath of the breach.

This event underscores the persisting vulnerabilities in the cryptocurrency sector, including within well-established exchanges like DMM. However, DMM Bitcoin’s swift reaction and commitment to covering the losses demonstrate its dedication to upholding customer trust and market stability.

FAQs

How did the Japanese crypto exchange disclose the security breach?

The exchange disclosed the security breach through a blog post.

What immediate measures did the Japanese crypto exchange take after the security breach?

The exchange implemented immediate measures to prevent further unauthorized transactions.

For the latest in crypto updates, keep tabs on Crypto Data Space.

Crypto News Today- DMM Bitcoin: Japanese Crypto Exchange Suffers $305 Million Hack

Leave a comment

Leave a Reply

Related Articles

Crypto News- Ether and Meme Coins Lead the Recovery as Bitcoin Stays Muted

Here's a look at the latest price movements in the crypto markets...

Bitcoin Whales Liquidate $1B in BTC Over the Past Fortnight: CryptoQuant

Selling during this period aligns with net outflows observed from U.S.-listed bitcoin...

Crypto News – Stablecoin Transfer Volume Skyrockets: Surges 16-Fold Over Last 4 Years

The rise in stablecoin usage suggests increasing cryptocurrency adoption and a maturing...

Meme Coins and Macro: Peak Stress Among U.S. Credit Card Holders Since 2012

The increase in credit card loans overdue for more than 90 days,...