DMM Bitcoin review: score, licensing and risks
39/100SCORE · DCaution
Grade D, caution
Suffered one of the largest thefts in Japanese history in 2024, guaranteed customer funds from its parent group, then closed and transferred accounts to SBI VC Trade. Listed so anyone searching finds the outcome.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Japan
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Customers were made whole before it closed
✗ Weaknesses
- No longer operating
- Around 305 million dollars stolen in 2024
- Accounts were transferred to SBI VC Trade
Incident history
2024
Around 305 million dollars in Bitcoin was stolen, attributed to North Korean actors. DMM guaranteed customer funds with parent group support and then wound the business down, transferring accounts to SBI VC Trade.
Our read
Suffered one of the largest thefts in Japanese history in 2024, guaranteed customer funds from its parent group, then closed and transferred accounts to SBI VC Trade. Listed so anyone searching finds the outcome.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.