Japanese Crypto Exchange DMM Bitcoin Loses $305M in Major Hack

1 min read
Source: Kyodo News Plus
Japanese Crypto Exchange DMM Bitcoin Loses $305M in Major Hack
Photo: Kyodo News Plus
TL;DR Summary

DMM Bitcoin Co., a Japanese cryptocurrency exchange, reported the disappearance of digital assets worth 48.2 billion yen ($300 million) and suspended operations. This incident is the second-largest cryptocurrency loss in Japan, following the 58 billion yen stolen from Coincheck in 2018. Tokyo police are investigating the case.

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