DMM , the cryptocurrency arm of Japanese Internet giant DMM.com, announced on Friday that more than $300 million in bitcoin had been stolen in a major security breach.
The exchange confirmed the incident but did not explain how the assets were stolen. DMM Bitcoin abruptly froze most of its services, including deposits, withdrawals, and trade of almost all cryptocurrencies.
“At approximately 1:26 p.m. on Friday, May 31, 2024, we detected an unauthorized leak of bitcoin from our wallet,” DMM Bitcoin stated. The announcement, originally in Japanese, was translated into English and posted on the company’s website.
The exchange reported that 4,502.9 bitcoin, worth roughly $306 million, had been taken in the breach. DMM Bitcoin assured its clients that their bitcoin deposits would be fully reimbursed. “Please rest assured that all of your bitcoin deposits will be fully guaranteed, as we will procure the equivalent amount of BTC…
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