DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May 31, 2024.

Wow, another significant security breach in the crypto space. Hope DMM Bitcoin is taking the necessary steps to recover the stolen funds and improve their security measures to prevent such incidents in the future.