Foresight News reports that SBI VC Trade, a cryptocurrency division of SBI Group, will acquire the assets of the Japanese cryptocurrency exchange DMM Bitcoin. DMM Bitcoin will transfer user accounts and custody assets around March 2025. Open positions in leveraged trading are not included in the transfer and all such positions must be settled before the transfer.
Foresight News previously reported that DMM Bitcoin announced in May this year that it had detected unauthorized outflows of Bitcoin from the platform, totaling 4,502.9 coins (worth about $300 million).
