Japanese exchange DMM loses $305M in Bitcoin via private key hack
The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.
Centralized cryptocurrency exchange DMM has lost more than $305 million worth of Bitcoin (BTC) due to a hack of its servers on May 30. The exchange confirmed the hack on its website and stated that all user deposits “will be fully guaranteed.”
The exchange has temporarily halted withdrawals, new account openings, new spot buy orders, and all new leveraged orders. However, limit orders that have already been placed will not be canceled.
Crypto users began to discuss the attack on social media platform X at 10:14 pm UTC on May 30, when analytics platform Whale Alert posted, “4,502 #BTC (308,948,771 USD) transferred from unknown wallet to unknown new wallet.” The post linked to blockchain data that showed an outflow of 4,502.9 BTC, worth $305 million at current prices, from a single wallet.
Go to Source
Author: Christopher Roark
