Japanese cryptocurrency exchange DMM Bitcoin says it will close its business after handing over the accounts and assets of its customers to another exchange around March next year.

This came after the revelation in May that the company lost 48 billion yen, or about 320 million dollars, of bitcoin due to theft.
Some of its services have not been available since then.

The firm announced on Monday that it agreed to hand over customer accounts and assets to SBI VC Trade, which is under the umbrella of SBI Holdings.

The exchange says the transfer is planned around March next year, and it will close its business after it is completed.

The firm says they judged that continuation of the current situation would greatly damage customer convenience.

Since the theft, the Financial Services Agency has asked a group of cryptocurrency exchanges to review trading risks.