DMM Bitcoin will use approximately 50 billion yen raised to purchase Bitcoin to repay the stolen users

2024-06-05 20:16:14

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ChainCatcher news, the Japanese exchange DMM Bitcoin, which was previously hacked, stated that it will use the raised funds to purchase Bitcoin to repay users whose BTC was stolen. It is reported that the hack has led to over $305 million being stolen from the exchange, and the reason remains unclear. DMM Bitcoin stated that it is investigating and will inform users of the situation in due course. On June 3, DMM Bitcoin secured a loan of 5 billion yen, and the company plans to raise an additional 48 billion yen through "capital increase" on June 7, as well as 2 billion yen through subordinated loans on June 10.

According to previous reports, DMM Bitcoin plans to raise 50 billion yen through capital increase and internal borrowing to cover customer withdrawal and other expenses.

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