Coin-Turk 1 minute ago
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Japan-based financial giant SBI Holdings has formed a significant partnership with the cryptocurrency exchange DMM Bitcoin 
$98,002, which suffered a cyber attack in May. As part of this agreement, the accounts and assets of DMM Bitcoin users will be transferred to SBI Holdings’ subsidiary, SBI VC Trade, by March 2025. Users will not need to create new accounts during this process.
Impact of the Cyber Attack on DMM Bitcoin
The cyber attack in May severely impacted the DMM Bitcoin exchange, resulting in the theft of 320 million dollars’ worth of Bitcoin. Following the incident, the exchange announced it would compensate its customers for their losses; however, progress in this area has been insufficient. The FBI revealed that the attack was linked to a criminal group known as TraderTraitor, associated with North Korea. Reports indicate that the attackers targeted a DMM Bitcoin employee via LinkedIn, leading to a system breach when the employee clicked on a malicious link.
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