Market
Final recovery amount from DMM Bitcoin's 48.2 billion yen hack by end of 2025?
3
Resolution / Starting Odds
Less than 10% recovered • 25%
10% to 50% recovered • 25%
50% to 90% recovered • 25%
More than 90% recovered • 25%
Financial statements from DMM Bitcoin, news reports
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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$100 million to $200 million • 25%
Less than $100 million • 25%
Over $300 million • 25%
$200 million to $300 million • 25%
New regulations for crypto exchanges • 25%
No significant changes • 25%
Other actions • 25%
Increased cybersecurity measures • 25%
Other • 25%
Partnership termination with DMM Bitcoin • 25%
Increased security measures • 25%
No significant changes • 25%
Other • 25%
Legal action leading to seizure • 25%
Technical recovery (e.g., reversing transactions) • 25%
Negotiation with hackers • 25%
Less than $5 million • 25%
All $29 million • 25%
$15 million to $29 million • 25%
$5 million to $15 million • 25%
Tokyo Metropolitan Police • 25%
Japan Financial Services Agency (FSA) • 25%
No investigation • 25%
International regulatory body • 25%
