DMM Bitcoin, a Japanese crypto exchange, aims to compensate users after losing $320 million in a recent hack. The exchange intends to raise 50 billion yen to cover losses by procuring Bitcoin from its parent company, DMM.com. Despite a dip in BTC prices, investigations are ongoing, and the company vows to minimize market impact. DMM.com will secure funds through borrowing and capital increases, ensuring customer reimbursement.
Japanese crypto exchange raises $320M to recover funds after major hack
by Crypto Oasis | Jun 5, 2024 | Industrial | 0 comments