DMM Bitcoin Hacked: 300M Euros Stolen in 2023's Biggest Crypto Heist
Japanese cryptocurrency exchange DMM Bitcoin has suffered a significant hack, resulting in the theft of nearly 300 million euros worth of Bitcoins. The incident, which occurred recently, has left the exchange scrambling to contain the damage and reassure users.
DMM Bitcoin, a subsidiary of the large Japanese internet company DMM Group, confirmed the hack. A total of 4,500 Bitcoins were stolen, making it the largest crypto hack of 2023 so far and nearly doubling the cumulative damage from hacks this year to 473 million dollars. The hack is also among the top 10 crypto hacks of all time, with Japan home to three of these major incidents.
The hacker is believed to be attempting a complex money laundering process, involving multiple transactions and potentially spanning months. Trading on DMM Bitcoin has been temporarily limited, and withdrawals of Japanese yen are delayed as the exchange works to secure its systems and prevent further loss.
DMM Bitcoin has assured users that it will cover the full damage from the funds of its parent company, DMM Group. The exchange is cooperating with law enforcement to investigate the incident and apprehend the hacker. Meanwhile, users are advised to remain vigilant and follow best security practices when dealing with cryptocurrencies.
Read also:
- Germany Uncovers 32 Suspected Social Security Fraud Cases in Hotel and Catering Industry
- Manufacturing Under Siege: State-Sponsored Hackers Target Intellectual Property
- Chile's $10B Green Energy Project Threatens World-Class Observatory
- Elon Musk Acquires 26,400 Megawatt Gas Turbines for Powering His AI Project, Overlooks Necessary Permits for Operation!
