Norwich Court Sentences Elliott Gunton for Coinbase Account Hacks
Elliott Gunton has been sentenced for hacking Coinbase accounts, highlighting the challenges of securing digital assets.
DanteLog in/ Sign up
Japanese cryptocurrency exchange loses $305 million in hacker attack
Follow
This is the third major cryptocurrency exchange hack in Japan in a decade.
DMM Bitcoin promises to cover losses and limit spot purchases.
Promotion
Japanese cryptocurrency exchange DMM Bitcoin has announced a devastating loss of $305 million as a result of a recent hack.
The breach resulted in 4,502.9 Bitcoin (BTC) being stolen from the platform.
Japanese Crypto Exchange Hacked for $305 Million
DMM Bitcoin disclosed the security breach in a blog post and said it had taken immediate steps to prevent further unauthorized transactions.
The cryptocurrency exchange assured users: “Please rest assured that we will procure an amount of Bitcoin equivalent to the outflow with the support of our group companies and guarantee the full amount.”
Following the incident, DMM Bitcoin temporarily restricted all spot purchases on its platform. Additionally, the company warned that there could be delays in yen withdrawals, urging users to remain patient in the wake of the hack.
Quantum Economics founder and CEO Mati Greenspan noted that this was the third major cryptocurrency exchange hack in Japan in 10 years.
“The first was Mt. Gox in 2014, and then CoinCheck in 2028. You’d think by now people would have learned not to keep their crypto on these centralized exchanges. Both previous hacks effectively stopped cryptocurrency adoption in Japan for quite some time. I suspect this time will be no different, as people often learn the wrong lessons from these kinds of things,” Greenspan told BeInCrypto.
The incident highlights the vulnerabilities that persist within the cryptocurrency industry, even at well-known exchanges. Nonetheless, DMM Bitcoin’s swift response and commitment to recoup its losses reflects its dedication to maintaining customer trust and market stability.
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG
Add Comment
LoginLeave your comments
0 Comments
Earliest
Load more comments
More news about dmmビットコイン ハッキング
- DMMビットコインのハッキング事件 北朝鮮のラザルスが関与か？ 「資金洗浄手法に類似性」との指摘もBullishBearish
- ハッキングによる仮想通貨被害額 第2四半期は2倍以上に増加 ｜ DMMビットコインが最大の被害BullishBearish
- DMMビットコイン、顧客補償用ビットコインを調達完了BullishBearish
- 2024年1〜5月のハッキング被害、DMM Bitcoinの流出で拡大BullishBearish
- 【速報】DMMビットコイン 482億円相当のビットコインが流出BullishBearish
More news about dmmビットコイン ハッキング
- Dante
North Korea-backed Lazarus Group linked to $305M DMM Bitcoin hack
The suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinUwU Lend Hack Analysis
On June 10, 2024, according to the SlowMist MistEye security monitoring system, UwU Lend, a platform providing digital asset lending services on the EVM chain, was attacked and suffered a loss of approximately US$19.3 million.
JinseFinanceSeventh Largest in History! DMM Bitcoin Hacked, 4,502 Bitcoins Stolen; Japan's Financial Services Agency Demands Thorough Investigation and Compensation Plan
Cryptocurrency exchange DMM Bitcoin reported on the 31st of last month that 4,502.9 BTC were illegally transferred from its official wallet, resulting in a loss valued at 48.2 billion yen (USD 311 million). In response to this incident, the seventh largest cryptocurrency theft in history, Japan's Financial Services Agency has demanded that DMM Bitcoin provide a report on the cause of the theft and its customer compensation policy.
AlexSEC Pushes Forward with Bitcoin ETF Decision Despite Social Media Hack
The SEC forges ahead with its decision on spot Bitcoin ETFs despite a social media hack. Speculation about a potential delay persists, but insiders remain optimistic about approval by the January 10th deadline.
SanyaElon Musk's X Reveals SEC Twitter Hack Behind Bitcoin's Meteoric Rise: A Lesson in Cybersecurity
Unraveling the impact of Elon Musk's X on the SEC Twitter hack: A critical look at how a lack of two-factor authentication led to a surge in Bitcoin values.
WeatherlyHacked Hype to Historic Approval: SEC's Bitcoin ETF Rollercoaster
SEC Twitter hack falsely announces Bitcoin ETF approval, causing price volatility. Security lapse exposed, leading to eventual real ETF approvals and significant crypto market implications.
BrianOrbit Bridge Hack: Klaytn's Swift Response Ensures Ecosystem Stability
The Orbit Bridge exploit presents a significant challenge for Klaytn, prompting immediate action and highlighting the need for enhanced security measures in blockchain ecosystems.
KikyoUpbit Sees Over 150,000 Hacking Attempts This Year
This figure was disclosed by Dunamu, the operator of Upbit, to Park Sung-jung, a member of the National Assembly's Science, Technology, Information, Broadcasting and Communication Committee today.
BrianBitcoin Core Dev Loses At Least $3.6 Million in BTC to Hack
Luke Dashjr revealed that an unknown hacker had raided “basically all” of his Bitcoin holdings on New Year’s Day.
decrypt