Cryptocurrency [loss] $308M+

"Japan's DMM Bitcoin says over $300 mln of cryptocurrency lost"

2024-05-31 [vendor] DMM Bitcoin loss [chain] bitcoin
Primary Source ↗
Financial Loss $308.0M (308,000,000 USD)
Blockchain(s) Bitcoin

Incident Details

A Japanese cryptocurrency exchange called DMM Bitcoin has announced that they suffered an “unauthorized leak” of 4,502.9 bitcoin (~$308 million) from a company wallet. They’ve provided very little in additional details around how the loss occurred, or who may have been involved. They have taken some of their services offline as they investigate the incident.The company claims it will replace the lost funds with help from other companies in their group.This is one of the largest cryptocurrency thefts in recent history, rivaling the roughly $320 million theft from the Wormhole bridge in February 2022 and the $477 million theft from FTX in November 2022.The DMM hack was later attributed to a North Korean state-sponsored cybercrime group.

Total loss estimated at $308,000,000.

Technical Details

Initial Attack Vector
Nation-state attack (Lazarus/DPRK) — private key or social engineering compromise
Vendor / Product
DMM Bitcoin loss

Timeline

  1. 2024-05-31 Breach occurred
  2. 2024-05-31 Publicly disclosed