DMM Bitcoin Client Accounts to Be Transferred to SBI Group
Japan’s financial corporation SBI Group has officially announced the acquisition of client accounts and assets from the bankrupt cryptocurrency exchange DMM Bitcoin.
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Japan’s financial corporation SBI Group has officially announced the acquisition of client accounts and assets from the bankrupt cryptocurrency exchange DMM Bitcoin. The transfer process is expected to conclude by March 8, 2025, with users retaining access to their accounts without needing to re-register.
Trading conditions will shift to align with SBI Group’s policies. The company plans to expand its range of supported cryptocurrencies while closing all leveraged positions automatically. Furthermore, holders of eligible assets such as ETH, AVAX, and HBAR will be able to use staking services.
Asset Support Updates from SBI Group. Source: SBI Group Official Website
As part of the agreement, DMM Bitcoin will transfer client trading data—including transaction histories, orders, and other records—as well as sensitive personal information, such as identification documents and phone numbers. The data transfer process will comply with Japanese personal data protection laws.
The deal was announced on December 2, 2024, a few months after the DMM Bitcoin breach that resulted in $308 million in losses. Japanese and U.S. investigators suspect North Korean hackers orchestrated the attack, reportedly employing social engineering tactics to compromise an employee at a partner firm.
This breach is one of the largest in the crypto sector this year. According to Chainalysis, the total value of stolen assets across the industry in 2024 reached $2.2 billion, a 21.07% increase from the previous year. The DMM Bitcoin hack accounted for approximately 13% of the total stolen funds.
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