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Home ยป Bitcoin’s Value Drops Following Hacking Incident at Japanese Exchange
Bitcoin

Bitcoin’s Value Drops Following Hacking Incident at Japanese Exchange

By adminMay. 31, 2024No Comments1 Min Read
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Bitcoin's Value Drops Following Hacking Incident at Japanese Exchange
Bitcoin's Value Drops Following Hacking Incident at Japanese Exchange
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We previously reported on the unfortunate incident of DMM Bitcoin, a popular Japanese cryptocurrency exchange, falling victim to a hacking attack. As a result of this breach, more than 300 million dollars’ worth of Bitcoin was transferred to nine different addresses. This activity strongly suggests that the stolen digital assets are being sent through crypto mixers in order to obfuscate their origin and prepare them for potential sale on the market.

This development has raised concerns among investors, who fear that a large influx of Bitcoin being sold could have a detrimental effect on the overall market. In light of this apprehension, many investors have decided to adopt a cautious approach and sell their Bitcoin holdings. To stay up to date with the latest news in the world of technology, make sure to visit NEWSLINKER, where you can access the most recent developments.

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