Japanese DMM exchange suspends withdrawals after $305 million Bitcoin theft.
Japan-based crypto exchange DMM confirmed a hack resulting in the theft of 4,502.9 BTC, valued at approximately 48 billion yen ($305 million).
In a May 31 statement, the exchange reported detecting an “unauthorized leak of Bitcoin” from its wallet around 1:26 pm Tokyo time on Friday, May 31, 2024.
Blockchain analytical firm Elliptic said the theft would be the eighth-largest crypto heist of all time and the largest since the $477 million hack suffered by the collapsed FTX exchange in November 2022.
