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Bloomberg: DMM Bitcoin exchange will buy $321 million worth of bitcoins to pay affected customers

Bits.media / 05.06.2024 / 09:47
Bloomberg: DMM Bitcoin exchange will buy $321 million worth of bitcoins to pay affected customers
According to Bloomberg, the Japanese cryptocurrency exchange DMM Bitcoin will attract 50 billion yen ($321 million) from affiliated companies to purchase bitcoins to compensate customers affected by hacking.

The Japanese Ministry of Finance and regulators demanded that the exchange's management conduct an internal investigation and ordered them to provide a compensation plan for users who were victims of hacking.

Recall that hackers broke into the exchange on May 31 and withdrew 4,502 BTC from customers' wallets. This is the second largest theft of funds among crypto exchanges in Japan. In 2018, NEM worth 58 billion Japanese yen ($370 million) was stolen from the Coincheck site as a result of a hacker attack.

The DMM Bitcoin exchange belongs to the Japanese DMMcom group of companies, which has been operating since the 1990s. The head of the company, Keishi Kameyama, is known as a tycoon of the adult entertainment industry.

Earlier, the Chinese client of the largest crypto exchange Binance suffered financial losses due to account hacking. The scam is related to a Google plugin called Aggr, which is promoted by some influencers.

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