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Japan's DMM Bitcoin Shuts Down Amid $320M Fraud, Plans To Transfer Assets To SBI Group - SBI Holdings (OTC:SBHGF)

  • DMM Bitcoin Co. Will shut down after losing 48.2 billion yen due to an unauthorized leak in May 2024.
  • Customer assets will be transferred to SBI VC Trade Co. By around March 2025 to ensure security.
  • Japan's Financial Services Agency previously ordered improvements due to insufficient risk management, leading to operational restrictions.
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