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Japan Exchange DMM Bitcoin to Liquidate Assets Through SBI Group
- DMM Bitcoin, a Japan-based exchange, is liquidating its assets and ceasing operations.
- The exchange experienced a $320 million fraud in May 2024, affecting over 450,000 accounts.
- All accounts and assets of DMM Bitcoin will be transferred to SBI Group in March 2025.
- SBI VC Trade, the crypto arm of SBI Group, will handle additional crypto spot trading items previously handled by DMM Bitcoin.
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