Over $300 million in bitcoin stolen from Japanese exchange DMM Bitcoin

The Block2024/05/31 14:31

By: The Block

Quick Take DMM Bitcoin announced on Friday that more than $300 million in bitcoin had been stolen from its wallets. Company said it would reimburse clients if necessary.

Japanese cryptocurrency exchange DMM Bitcoin BTC -1.23% 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 (about $306 million) 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 content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Over $300 million in bitcoin stolen from Japanese exchange DMM Bitcoin

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