DMM Bitcoin Suffers $300M Bitcoin Theft, Hacker Continues Moving Funds

On May 31, 2024, DMM Bitcoin experienced a massive security breach, resulting in the unauthorized transfer of 4,502.9 BTC, valued at over $300 million.

The stolen funds were initially moved to the address 1B6rJRfjTXwEy36SCs5zofGMmdv2kdZw7P and have since been dispersed across 10 different addresses. Beosin Trace, a blockchain security firm, is actively monitoring the movement of these funds.

On June 11, the hacker resumed activity, transferring the stolen Bitcoin through a series of transactions:

1. 2.82 BTC were transferred from address bc1q7…x27xd to bc1q6…zg2ak.
2. From there, 2.65 BTC were moved to bc1q6…3wwvs, and subsequently to bc1qz…52n5f.
3. Finally, 1.949 BTC were sent from bc1qz…52n5f to bc1qx…luw2n, and 0.7 BTC to bc1pg…rkezu.

This ongoing movement of funds indicates the hacker’s attempt to obfuscate the trail and potentially launder the stolen assets. The complex transactions and rapid transfers suggest a sophisticated effort to evade detection and recovery.

DMM Bitcoin is working closely with law enforcement and cybersecurity experts to track down the perpetrator and recover the stolen funds. The breach has raised significant concerns within the crypto community, highlighting the need for enhanced security measures to protect digital assets.

As the investigation continues, Beosin Trace will provide updates on the flow of the stolen Bitcoin, aiming to assist in the recovery efforts and prevent further unauthorized transactions.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.