Unknown attackers have breached the Japanese cryptocurrency exchange DMM Bitcoin, extracting 4502.9 BTC (approximately $305 million at the time of writing). This was reported by CoinDesk.
Representatives of the platform confirmed the attack and stated that measures have been taken to prevent further unauthorized withdrawals. Clients will be fully compensated for their losses.
The exchange has imposed restrictions and warned that yen withdrawals “may take longer than usual.” Details of the hack have not been disclosed.
In 2018, hackers breached another Japanese trading platform, Coincheck, stealing over $500 million worth of NEM cryptocurrency (at the exchange rate at the time). A few months after the incident, the exchange was acquired by online broker Monex.
In April 2024, the cryptocurrency exchange FixedFloat suffered its second attack of the year. Experts estimated the damage at no less than $2.8 million.
