Japanese Crypto Exchange DMM Bitcoin Reports $300M BTC Theft
Portfolio Pulse from Murtuza Merchant
DMM Bitcoin, a Japanese cryptocurrency exchange, reported a theft of over $300 million worth of Bitcoin. The exchange has assured customers that their deposits will be fully guaranteed but has halted several services, including crypto withdrawals and new account openings.
May 31, 2024 | 6:41 pm
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DMM Bitcoin reported a theft of over $300 million worth of Bitcoin, leading to a halt in several services. This incident could cause short-term volatility in Bitcoin prices.
The theft of a significant amount of Bitcoin from a major exchange like DMM Bitcoin is likely to cause short-term negative sentiment and volatility in Bitcoin prices. The halt in services and uncertainty about the timeline for resumption could further impact market confidence.
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IMPORTANCE 90
RELEVANCE 100