JAPANESE CRYPTO EXCHANGE DMM BITCOIN SUFFERS $305M HACK

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Japanese cryptocurrency exchange DMM Bitcoin disclosed a major hack resulting in the loss of 48 billion yen ($305 million) worth of bitcoin, with 4,502.9 BTC stolen. The hacker split the funds across 10 wallets. DMM halted spot buys and warned of delayed yen withdrawals. It vowed to compensate the lost bitcoin with group company support to guarantee the full amount.