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What will be the outcome for Ginco Inc. following the DMM Bitcoin breach by December 31, 2025?
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Korean•Japanese•DMM Bitcoin•Japan•National Police Agency•North Korean•TraderTraitor•Lazarus Group•LinkedIn
Resolution / Starting Odds
Increased security measures • 25%
Partnership termination with DMM Bitcoin • 25%
No significant changes • 25%
Other • 25%
Official announcements from Ginco Inc. or news reports
Story
North Korean Group TraderTraitor Steals $308 Million, 48.2 Billion Yen, From DMM Bitcoin on May 31
Dec 23, 2024, 10:10 PM
North Korean hackers have stolen approximately $308 million, equivalent to 48.2 billion yen, worth of cryptocurrency from the Japanese exchange DMM Bitcoin on May 31, according to a joint announcement by Japan's National Police Agency and the U.S. Federal Bureau of Investigation. The theft was attributed to the North Korean-linked hacker group TraderTraitor, which is part of the Lazarus Group. The hackers employed social engineering tactics, with one member posing as a recruiter on LinkedIn to trick an employee of Ginco Inc., DMM Bitcoin's outsourcing partner, into downloading malicious software. This breach allowed the hackers to access and manipulate DMM Bitcoin's transaction system, leading to the theft. The stolen funds were subsequently laundered, with some traced to a wallet known to be controlled by TraderTraitor. In response to the incident, DMM Bitcoin has announced plans to transfer its customers' wallets to SBI Holdings Inc.'s cryptocurrency exchange unit and cease operations.
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Similar markets
Less than 10% recovered • 25%
10% to 50% recovered • 25%
50% to 90% recovered • 25%
More than 90% recovered • 25%
DMM Bitcoin • 25%
Third-party security firm • 25%
Internal employee(s) • 25%
Other • 25%
Less than $100 million • 25%
$100 million to $200 million • 25%
$200 million to $300 million • 25%
Over $300 million • 25%
Full creditor repayment • 25%
Partial creditor repayment • 25%
No repayment • 25%
Ongoing proceedings • 25%
SBI Group subsidiary • 25%
Another Japanese exchange • 25%
International exchange • 25%
Client base dissolved • 25%
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
Japan Financial Services Agency (FSA) • 25%
Tokyo Metropolitan Police • 25%
International regulatory body • 25%
No investigation • 25%