Japan Exchange DMM Bitcoin to Liquidate Assets Through SBI Group

Quick Summary:

A prominent crypto exchange platform in Japan, DMM Bitcoin is liquidating its assets through SBI Group.

The exchange will completely cease its operations after the liquidation.

The liquidation is caused by a $320 million fraud which occurred in May, 2024 and affected over 450,000 accounts of DMM Bitcoin.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Manisha Ailneni

Category: Crypto

Markets: United Arab EmiratesJapan

Topics: Exchange News Bitcoin Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 08:28:10 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24036544

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions