$308 million evaporates...
Japanese cryptocurrency exchange DMM announced that it lost 4,502.9 bitcoins, equivalent to 48.2 billion yen, or $308 million. DMM confirmed that it will replace customers' lost bitcoin deposits with the help of other group companies. The Japanese Financial Services Agency called on the company to investigate the incident.
The incident is the largest since the hack that targeted FTX to steal $477 million in 2022. The incident is also the second largest incident in the region after the theft of $530 million from the Japanese trading exchange Coincheck.
