Japanese cryptocurrency exchange DMM Bitcoin has announced its decision to shut down operations. This decision comes in the wake of a significant $300 million hack that impacted the exchange.
The exchange will complete an asset transfer to SBI VC Trade, a unit of SBI Group. This move marks the end of DMM Bitcoin's activities in the crypto market.
SBI VC Trade's role will be critical in managing the transferred assets post-shutdown, ensuring a seamless transition for DMM Bitcoin's customers.
Source: www.theblockcrypto.com ↗
