Japanese crypto exchange DMM Bitcoin will shut down and transfer its accounts and assets to trading platform SBI VC Trade in March next year, it said in a statement on Dec. 2. The decision was made after the exchange suffered a hack in May. Hackers siphoned off over 4502.9 bitcoin (BTC), worth nearly $305 million at the time.

DMM Bitcoin will reportedly liquidate after $320 million hack DMM Bitcoin has given up on continuing operations under its current business structure and will liquidate, according to a report from Nikkei Asia.

DMM Bitcoin is preparing to wind down its operations following a massive $320 million loss in Bitcoin due to a private key hack in May.

Japan's crypto exchange, DMM Bitcoin, announced liquidation. The company cited recovery issues following a hack of $320 million Bitcoins in May 2024. DMM Bitcoi

Japanese cryptocurrency exchange DMM Bitcoin is reportedly prepping to liquidate after losing $320 million in Bitcoin from a private key hack in May that the company has failed to recover from. The crypto exchange is also reportedly ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade,

Japanese crypto exchange DMM Bitcoin is shutting down after hackers stole 4,502 Bitcoin (BTC) valued at about $305 million U.S. at the time the theft occurred in May of this year. DMM Bitcoin said it plans to transfer all its accounts and assets

DMM Bitcoin, a Japanese crypto exchange is shutting down its operations according to a recent report by Nikkei Asia. The exchange was unable to recover from a massive fraud incident that occurred earlier in May,