News with the tag "DMM"

Cryptocurrency use for illicit purposes totaled $40.9 billion in 2024, Chainalysis data shows. Though lower compared to the $46.1 billion observed in 2023, analysts warn that the current figure is a lower-bound estimate that will continue to rise as additional illicit addresses are recognized. When ...

The United States, Japan, and South Korea have issued a joint warning about the ongoing cyberattacks launched by the Democratic People’s Republic of Korea (DPRK) cyber actors. These attacks target blockchain tech, crypto exchanges, and digital asset custodians globally. The three nations suggest tha...

SBI VC Trade, a leading Japanese cryptocurrency finance firm, has finalized a deal to take over the assets and customer accounts of DMM Bitcoin, the crypto exchange harmed by a massive $320 million security breach earlier this year. According to a December 25 notice, SBI VC Trade will assume control...

As 2024 draws to a close, this year’s massive $305 million DMM Bitcoin leak is still generating panic in Japan. In an effort to tighten up internal auditing procedures for financial institutions, the country’s regulator (FSA) will hold a roundtable in 2025 featuring participation from the Japan Virt...

Ripple partner SBI Holdings’ arm has recently seized an important deal with hacked crypto exchange DMM Bitcoin, to help its users recover funds. SBI VC Trade said that the exchange’s customers will have their accounts ready by March 2025 following the transfer of custody assets. Also, the crypto tra...

SBI VC Trade has sealed a deal with DMM Bitcoin to receive the hacked exchange’s assets, with DMM customers expected to transition to SBI in March.

The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers , the U.S. and Japanese law enforcement agencies said Monday. The theft of 4,502.9 bitcoin (BTC), which is forcing the exchange to close , was "affiliated" with a group known as TraderTraitor, the FBI s...

The FBI has unveiled details of a $305M Bitcoin heist by North Korea-affiliated hackers using social engineering techniques.

This year, crypto hacks increased in the total value stolen and the number of attacks compared to last year. According to a recent report, the industry lost over $2 billion in the past 12 months, with over half of the funds allegedly being stolen by North Korean hackers. Crypto Industry Loses $2.2 B...

Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations after transferring its assets to SBI VC Trade Co. DMM Bitcoin Takes Action to Avoid Inconveniencing Users Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations. Its assets will be transferred to SBI VC ...