News with the tag "DMM Bitcoin"

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.

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 ...

Japanese cryptocurrency exchange DMM Bitcoin is preparing to wind down operations after a devastating $320 million Bitcoin hack in May 2024. Despite assurances to recover from the breach, the company has failed to stabilize, prompting a deal to transfer customer assets to SBI VC Trade, a subsidiary ...

DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations.

Japanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments will support DMM Crypto’s Seamoon Protocol, which aims to create a Web3 eco...