SBI VC Trade, a subsidiary of the Japanese financial group SBI Holdings, will take over the accounts and assets of the cryptocurrency exchange DMM Bitcoin that was attacked.

- The transfer process is expected to take place on March 8, 2025, after DMM Bitcoin completes liquidation due to the hack worth $305 million in May 2024.

- Customers will not need to re-register, accounts and assets will be automatically transferred to SBI. This exchange will add 14 new cryptocurrencies, including Tron (TRX) and The Sandbox (SAND).

- Staking assets like Ethereum (ETH) will be automatically activated, with the first rewards expected in April 2025. 🔄

- DMM Bitcoin has decided to cease operations after being unable to recover from the second-largest attack in Japan, suspected to be linked to the TradeTraitor group from North Korea. 🕵️‍♂️