The Hack and Its Impact The hack, which took place on Thursday, was discovered by the exchange’s security team during a routine check. The team immediately notified the authorities and launched an investigation into the incident. The stolen BTC was transferred to multiple addresses and then moved to an unknown wallet, making it difficult to trace. The Response from DMM Bitcoin DMM Bitcoin released a statement on their website, apologizing for the incident and assuring its users that their funds are safe and secure. The exchange also stated that it would cover the losses for its affected customers and work towards improving its security measures. DMM Bitcoin has temporarily suspended all trading activities and is cooperating with authorities to track down the hackers and recover the stolen funds. Impact on the Crypto Market The news of the hack caused a drop in the price of BTC, with the crypto market experiencing a minor dip. However, with the rapid growth of the crypto mark...
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