Japan’s DMM Bitcoin Shuts Down Amid $320M Fraud, Plans To Transfer Assets To SBI Group

Posted On December 2, 2024

Japanese Bitcoin (CRYPTO: BTC) and cryptocurrency exchange DMM Bitcoin will liquidate after a $321 million fraud in May crippled its operations, affecting 450,000 client accounts and 96.2 billion yen in assets.

What Happened: By March, the exchange plans to transfer …