According to Chainalysis, this is the 7th largest crypto hack of all time.

The Japanese cryptocurrency exchange platform DMM Bitcoin reported on Friday May 31 that it had lost more than 280 million euros in bitcoins due to an “unauthorized leak” of its digital wallet.

DMM Bitcoin did not provide details regarding this leak, which the American analysis company Chainalysis described on X as “the seventh largest crypto hack of all time”, labeling the missing bitcoins as “stolen”. DMM Bitcoin explained that the equivalent of 4,502.9 bitcoins had flown away, for a value of some 48.2 billion yen, or approximately 282 million euros.

An investigation is underway

“All customer bitcoin (BTC) deposits” will be fully guaranteed,” assured the company, which is still investigating the “details of the damage” caused by this “unauthorized leak” detected Friday around 1:26 p.m. in Japan (05:26 French time).

Japan’s financial services agency ordered the company to investigate the causes of the incident and protect customers, while the police launched investigations, according to the Japanese daily Nikkei.

In 2014, cybercriminals stole 850,000 bitcoins from the Japanese exchange Mt. Gox, worth $470 million (433 million euros). Another Japanese platform, Coincheck, was hacked in 2018, suffering nearly $500 million (461 million euros) in losses.


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