Japanese exchange DMM loses $305M in Bitcoin via private key hack

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Japanese exchange DMM loses $305M in Bitcoin via private key hack
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The exchange saif that new account openings, new spot buy orders, and all new leveraged orders will be halted temporarily.

Centralized cryptocurrency exchange DMM has lost more than $305 million worth of Bitcoin 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.”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.

At the time, Whale Alert listed the wallet’s owner as “unknown.” However, DMM later confirmed on its website that it lost exactly 4,502 BTC in an attack, implying that itwas likely the cause of that particular transaction. The exchange said it has “already taken measures to prevent the unauthorized leak.” It will “procure the equivalent amount of BTC” to make sure that all users are compensated. These funds will be acquired “with support from our group companies.”

The team encouraged users to keep an eye out for notices, as a new alert will be posted once all services resume.2018. The company also owns a crypto mining firm. Hacks and scams continue to pose a problem for crypto exchange users. In November, the Poloniex exchange

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