Japan crypto exchange DMM Bitcoin is set to liquidate: Report — TradingView News
Japanese cryptocurrency exchange DMM Bitcoin is reportedly prepping to liquidate after losing $320 million in Bitcoin from a private key hack in May that the company has failed to recover from.
The crypto exchange is also reportedly ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, reported Nikkei Asia on Dec. 2, without sharing its source.
Cointelegraph reached out to DMM Bitcoin for comment.
$320M stolen from May hack
DMM Bitcoin was compromised on May 30 in a server breach and private key hack, which the company referred to as an “unauthorized leak,” resulting in the loss of more than 4,500 Bitcoin 
BTCUSD from a single wallet.
At the…
