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Bitcoin Worth 48 Billion Yen Stolen from DMM

REUTERS/Benoit Tessier/Illustration/File Photo
Representations of cryptocurrency Bitcoin are seen in this illustration picture taken in Paris, France, March 9, 2024.

Jiji Press

12:54 JST, June 1, 2024

Tokyo, May 31 (Jiji Press) — Japanese cryptocurrency exchange DMM Bitcoin said Friday that about ¥48.2 billion ‘s worth of bitcoin has been stolen out of its wallet.

DMM Bitcoin said the company will guarantee the full amount of bitcoin deposited by customers.

The company said it detected the unauthorized outflow at around 1:26 p.m. It has already taken steps to prevent further outflows while restricting the use of some services including the opening of new accounts, the company said.

“We apologize deeply for the great inconvenience and concern caused to customers,” DMM Bitcoin said on its website.

The Financial Services Agency ordered DMM Bitcoin to report on the incident.

There has been a spate of unauthorized cryptocurrency outflows in Japan in the past. In 2018, about ¥58 billion ‘s worth of NEM was stolen from cryptocurrency exchange Coincheck.