TOKYO -- Japanese cryptocurrency exchange DMM Bitcoin will liquidate, Nikkei has learned, ceasing efforts to revamp operations after losing 48.2 billion yen ($320 million) in an incident of fraud during May that rendered it unable to offer sufficient services to customers.
Cryptocurrencies
Japan crypto exchange DMM Bitcoin set for liquidation
SBI Group to acquire the assets after $320m fraud curtailed DMM's services
DMM Bitcoin has struggled since the fraud incident in May. (Photo by Takanobu Aimatsu)
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