Japanese finance firm SBI VC Trade is set to acquire the assets of the compromised crypto exchange DMM Bitcoin. By March 2025, DMM's customer accounts and assets will be transferred to SBI, with new accounts automatically created for users.

DMM Bitcoin faced a major breach in May, losing $320 million in Bitcoin to hackers. The FBI and other agencies identified the North Korea-linked group TraderTraitor as responsible. The group used a sophisticated scheme involving a fake LinkedIn recruiter to infiltrate the system.

Crypto service attacks have surged, with losses reaching $694 million in 2024, highlighting vulnerabilities in the sector.