According to PANews, Japan's Financial Services Agency (FSA) has issued a business improvement order to DMM.com Group, the operator of the cryptocurrency exchange DMM Bitcoin, following a hacking incident in late May. The FSA has identified issues with the actual state of customer Bitcoin management at the exchange and has demanded improvements to address these concerns.
The hacking incident, which occurred on May 31, resulted in the theft of approximately $300 million worth of Bitcoin from DMM Bitcoin's wallet. The FSA's order aims to ensure better security measures and management practices to protect customer assets and prevent future breaches.
