### 🚨 Japanese Crypto #Exchange DMM Bitcoin Hit by $305M Hack 🚨
DMM Bitcoin, a prominent Japanese crypto exchange, suffered a massive hack, losing 4,502.9 BTC valued at $305 million. Here's what you need to know:
- **Amount Stolen**: 4,502.9 BTC ($305 million) disappeared from the exchange.
- **Response**: DMM Bitcoin promises to fully cover the stolen amount. They’ve restricted all spot buys and warned of possible delays in yen withdrawals.
- **Security Measures**: Steps have been taken to prevent further unauthorized outflows. The hacker divided the stolen BTC into 10 wallets in 500 BTC batches, according to security firm Blocksec.
DMM Bitcoin assured users: "We will procure the equivalent amount of BTC with the support of group companies and guarantee the full amount."
This incident adds to the $473 million already lost to crypto hacks in 2024, making it the second-largest crypto heist in Japan since Coincheck’s 58 billion yen theft in 2018.
