Japanese cryptocurrency exchange DMM Bitcoin said it had been subjected to a hacking operation that resulted in the theft of about $301 million from its digital wallet, in what is likely one of the largest hacks of the digital asset platform.
The company said on its website that the exchange is still investigating the outflow, which amounts to 4,503 bitcoins. After the hack, the company restricted a large number of services, including cryptocurrency withdrawals. In a tweet, blockchain research company Chainalysis described the incident as a “hack” and described the funds as stolen
Chainalysis said this coin hack is the seventh largest cryptocurrency hack ever. The "leaked" funds have been split across 10 cryptocurrency addresses so far, according to cryptocurrency forensics firm TRM Labs.
Before this hack, the cryptocurrency industry had suffered losses of more than $473 million due to hacks and fraud year to date, down 20% year-on-year, according to the Immun platform.
It also confirmed that all users' Bitcoin (BTC) deposits will be fully guaranteed, as the exchange will purchase the equivalent amount of Bitcoin that was stolen with the support of the aggregator companies.
cryptonaz.com
