January 19, 2025
Japan crypto exchange DMM Bitcoin set for liquidation
 #CriptoNews

Japan crypto exchange DMM Bitcoin set for liquidation #CriptoNews

Cash News

TOKYO — Japanese cryptocurrency exchange DMM Bitcoin will liquidate, Nikkei has learned, ceasing efforts to revamp operations after losing 48.2 billion yen ($321 million) in an incident of fraud during May that rendered it unable to offer sufficient services to customers.

The exchange intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March.