Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations
Japanese cryptocurrency exchange DMM Bitcoin will cease operations by March 2025 following a hack that resulted in losses exceeding $300 million.
This decision follows months of recovery efforts that ultimately failed to restore the platform’s viability.
DMM Bitcoin to Transfer All Assets to SBI VC Trade
According to a report from Nikkei Asia, the exchange also plans to sell all its assets to SBI VC Trade, a trading company owned by the SBI Group.
SBI VC Trade confirmed in a December 2 statement that an agreement had been reached to acquire all assets of DMM Bitcoin as part of its liquidation process. The transfer, expected to conclude by the end of Q1 2025, will include customer accounts and assets held by the…
