The post DMM Bitcoin Faces Significant Breach Losing $300M Worth of Bitcoin appeared first on Coinpedia Fintech News

The Japanese crypto exchange DMM Bitcoin announced a significant security breach. The stolen amount is estimated to be 4,502.9 BTC which is approximately worth $308 million which is the largest breach since December 2022 ranking the 7th largest crypto hack in history. The Japanese exchange is investigating the details of the damages and has implemented restrictions on the use of some services to ensure additional safety. DMM Bitcoin has assured its customers that the BTC deposits would be fully safeguarded.