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Ripple Joins SBI VC Trade to Secure DMM Bitcoin Users Post-Hack

  • DMM Bitcoin, a Japanese cryptocurrency exchange, experienced a significant security breach resulting in the loss of 4,500 Bitcoins.
  • To address the situation, DMM Bitcoin has decided to liquidate its operations and transfer customer accounts and assets to SBI VC Trade by March 2025.
  • SBI VC Trade has enlisted the help of Ripple to ensure a safe transfer of accounts and assets, providing an extra layer of trust.
  • This incident highlights the need for better security measures in crypto exchanges and serves as a lesson for other firms.

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