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Cryptocurrency exchange DMM Bitcoin to close due to hacker attack

Cryptocurrency exchange DMM Bitcoin to close due to hacker attack

HappyCoinNews2024/12/02 13:00
By: HappyCoinNews
BTC-0.07%

Japanese cryptocurrency exchange DMM Bitcoin forced to close due to hacker attack, occurred in May 2024 .

On May 30, an attacker hacked the DMM server Bitcoin , took possession of the private key to the trading platform's crypto wallet and stole 4500 bitcoins worth $320 million at the exchange rate at that time. Now the digital assets are worth much more - $433,3 million.

DMM staff Bitcoin disabled the functions of making trading operations, withdrawing funds and creating new accounts. Then the exchange representatives promised to compensate clients for the losses in full and in June they bought bitcoins to return the coins to the victims.

However, the company failed to restart its business. In November, the company closed the Seamoon Protocol portal, which featured games and anime, and on December 2, anonymous sources стало известно that the trading platform will not resume operations. In March 2025, the exchange's management allegedly plans to transfer bitcoins to the financial organization SBI VC Trade, whose employees will distribute the coins among the victims of the criminals.

Responsibility for hacking DMM Bitcoin blamed on North Korean hackers from the Lazarus Group, because those who attacked the exchange used the same techniques as representatives of this group. As found blockchain detective ZachXBT, the attackers laundered part of the stolen cryptocurrency through the online marketplace Huione Guarantee, which has become popular with all sorts of scammers.

EN @happycoinnews
EN @happycoinnews_en
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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