The Company has yet to provide details on how the HACK was executed but confirmed that an investigation is underway and measures are being taken to prevent future attacks.
The incident marks one of the largest hacks in the digital asset industry in recent years. DMM Bitcoin assured customer that all BTC deposits would be guaranteed.
The HACK is the most substantial crypto related exploit the industry has faced in some time. It surpasses any hack seen so far this year or in 2023. The incident is only overshadowed by the 2018 coincheck hack, where over $550 million worth of XEM was stolen, marking the largest crypto heist in Japan's history.
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