Japanese crypto exchange DMM Bitcoin said more than $300 million in bitcoin has been taken from its wallet.
Japanese cryptocurrency exchange DMM Bitcoin announced on Friday that more than $300 million in bitcoin had been stolen in a breach.
"At approximately 1:26 p.m. on Friday, May 31, 2024, we detected an unauthorized leak of bitcoin from our wallet," said DMM Bitcoin, a subsidiary of DMM Group, according to an English translation of the statement made in Japanese and posted to the company's website. The exchange said 4,502.9 bitcoin had been taken. It appeared to promise its clients that it would reimburse customers if necessary.
"Please rest assured that all of your bitcoin deposits will be fully guaranteed, as we will procure the equivalent amount of BTC that was leaked with support from our group companies," it said in its statement.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space.
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