Cointelegraph - DMM exchange's Bitcoin hack likely resulted from a compromised private key, leading to a large loss and service suspension, but users will be compensated

in blockchain •  7 months ago 

https://cointelegraph.com/news/japanese-exchange-dmm-loses-bitcoin-private-key-hack
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The hack involved unauthorized access likely through a compromised private key, which is essential for accessing DMM's Bitcoin wallets.

This resulted in a large outflow of Bitcoin and forced the exchange to suspend services to prevent further losses.

DMM plans to compensate users by acquiring the stolen Bitcoin with help from affiliated companies.

Beware of compromised private key!!

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blockchain horror hack dmm exchange bitcoin compromised private-key
7 months ago by

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      ·  7 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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