<ul><li>DMM Bitcoin, one of the popular Bitcoin exchanges in Japan, has shut down following a $320 million hack in May 2024.</li><li>Assets, including Japanese yen and cryptocurrencies, will be transferred to SBI VC Trade before March 2025.</li><li>The hack exposed shortcomings in DMM Bitcoin's risk management, leading to an improvement order from Japan's Financial Services Agency.</li><li>This incident highlights the cybersecurity risks faced by the cryptocurrency industry and the need for regulatory control.</li></ul>

Japan Crypto Exchange DMM Bitcoin Shuts Down Following Major Hack and Losses

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