The DMM Bitcoin cryptocurrency exchange, after a hack in May and a loss of $300 million (4502.9 bitcoins), is ceasing operations. SBI VC Trade (a subsidiary of SBI Group) will acquire the assets and automatically transfer client accounts to its platform by March 2025. Users will not need to register again. SBI VC Trade aims to restore trust after the incident. The DMM Bitcoin hack highlights the importance of security and regulation in the cryptocurrency sector. #DMMBitcoin #SBIVCTrade