💥 DMM Bitcoin Shuts Down After $321M Scam!

The Collapse

DMM Bitcoin, a leading Japanese crypto exchange, has closed its doors after falling victim to a $321M fraud. Over 450,000 client accounts were affected, marking it as one of the largest crypto frauds in Japan’s history.

What’s shocking? Even with cold wallet protection, attackers breached their system, exposing critical vulnerabilities.

The Aftermath

SBI VC Trade is stepping in to manage asset recovery and ensure clients have access to their funds. This move aims to rebuild trust and stability.

The takeaway? Stronger security protocols and stricter compliance are a must to safeguard digital assets.

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