The DMM Bitcoin team responded by imposing restrictions on the withdrawal of yen and warned that the recovery process may take longer than expected. Representatives of the exchange promised to pay compensation to the affected users.
This is the second case in terms of stolen funds among Japanese cryptocurrency platforms. In 2018, fraudsters stole 58 billion Japanese yen ($370 million) worth of NEM coins from the Coincheck site.
DMM Bitcoin belongs to the DMMcom group of companies engaged in e-commerce, gaming, streaming platforms, and the provision of Internet service providers in Japan and abroad.
Earlier, the Immunefi analytical company reported that in May, cryptocurrency projects lost $52 million from hacking and fraud, which is 12% less than in May 2023.