failed japanese bitcoin exchange

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Why did DMM bitcoin lose 48 billion yen?

All spot buys have been temporarily restricted and customers withdrawing yen may face delays. DMM Bitcoin, a Japanese cryptocurrency exchange, said it lost 48 billion yen ($305 million) of bitcoin (BTC) following a hack. In a blog post on its website, DMM Bitcoin said 4,502.9 BTC "leaked" out of the exchange.

What happened to the bitcoin transaction log?

In March 2013, the bitcoin transaction log or "blockchain" temporarily forked into two independent logs, with differing rules on how transactions could be accepted. The Mt. Gox bitcoin exchange briefly halted bitcoin deposits.

What happened to DMM bitcoin?

4,502.9 BTC ($305 million) was stolen from the exchange. DMM Bitcoin said it will guarantee the full amount stolen. All spot buys have been temporarily restricted and customers withdrawing yen may face delays. DMM Bitcoin, a Japanese cryptocurrency exchange, said it lost 48 billion yen ($305 million) of bitcoin (BTC) following a hack.

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