SBI VC Trade, the crypto-focused subsidiary of Japanese financial giant SBI Holdings, is set to take over DMM Bitcoin’s accounts and assets! 🎉 The transfer, which will take place on March 8, 2025, will be the final step in the liquidation process following DMM Bitcoin’s $305 million hack in May 2024.
DMM users will be automatically transferred to SBI without having to re-register their accounts. Fiat and crypto assets will also be transferred during this process. SBI will also add 14 new cryptos to its platform from DMM. Staking rewards will also start in April 2025! 🚀