#$BTC Japanese Crypto Exchange Reports $300 Million Bitcoin Loss Due to ‘Leak’
Japanese crypto exchange DMM Bitcoin announced that it had lost around $300 million (RM1.4 billion) worth of bitcoin due to an “unauthorized leak” from its digital wallet. The incident was discovered yesterday. The company stated that they are still investigating the details of the damage.
“We have already taken measures to prevent the unauthorized leak, but we have also implemented restrictions on the use of some services to ensure additional safety,” the exchange said.
While DMM Bitcoin did not provide specific details about the “leak,” global cryptocurrency analysis firm Chainalysis described it as one of the biggest crypto hacks to date.
“Today’s hack of Japanese exchange DMM Bitcoin for $305M worth of bitcoin is the biggest hack since December 2022 and the 7th largest crypto hack ever,” Chainalysis said in a post on social media platform X, adding that it had labeled the funds as “stolen.”
