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Market
Entity acquiring majority of DMM Bitcoin's client base post-liquidation by end of 2025?
3
Resolution / Starting Odds
SBI Group subsidiary • 25%
Another Japanese exchange • 25%
International exchange • 25%
Client base dissolved • 25%
Industry reports, official announcements from acquiring companies
Story
DMM Bitcoin to Liquidate Assets to SBI Group Subsidiary After 48.2 Billion Yen Hack
Dec 1, 2024, 09:49 PM
DMM Bitcoin, a Japanese cryptocurrency exchange, is set to shut down its operations and liquidate its assets, transferring them to a subsidiary of SBI Group. This decision follows a significant security breach in May, during which 48.2 billion yen worth of bitcoins were hacked. The company has abandoned its plans for restructuring after the incident, leading to the closure and asset sale, as reported by multiple sources including Nikkei and WuBlockchain.
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