The incident has sparked concerns about the security of cryptocurrency exchanges and the need for stricter regulations. The Breach: DMM Bitcoin announced on its website that the hack occurred when an unknown party gained access to the exchange's hot wallet, which stores a portion of its customers' funds for easy access. The exchange stated that the hot wallet was under constant surveillance, but the hackers were able to bypass security measures and transfer the stolen bitcoin to an external wallet. The Aftermath: Following the breach, DMM Bitcoin immediately suspended all deposits and withdrawals and launched an investigation into the incident. The exchange has also promised to compensate affected customers and strengthen its security measures to prevent future attacks. The Impact: The theft of 4,502.9 BTC is a significant blow to DMM Bitcoin, which has been operating since January 2018. The exchange is one of the largest in Japan, and the incident has raised concerns...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now