Japanese Exchange DMM Bitcoin Hacked for $308 Million

Japanese crypto exchange DMM Bitcoin announced on Friday that over $300 million worth of Bitcoin was stolen from its primary wallet, in what appears to be one of the digital asset industry’s largest hacks in years. Around 1:30 pm local time, the company said, it noticed that some 4,503 BTC—worth about $308 million DecryptThe company says that it will continue to guarantee all customer BTC deposits following the exploit. It has, however, suspended the buying of orders for spot trading, the opening of leveraged trading positions, and “screening of new account openings.”Further, DMM has suspended processing of crypto withdrawals for the time being. Withdrawals of Japanese Yen are still permitted, but may take longer than usual. The hack marks the most substantial crypto-related exploit the industry has suffered in some time. No hack so far this year, or 2022, however, saw a Today’s crypto hack appears to be the second largest in Japan’s history. Back in 2018, hackers Edited by Andrew Hayward