Press releases from SBI Group, financial news reports

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.