According to Foresight News, DMM Bitcoin, a cryptocurrency exchange operator under the DMM Group in Japan, is planning to raise over 500 billion yen ($322 million) through capital increase and intra-group borrowing. The funds will be used to cover customer withdrawals.
At the end of May, DMM Bitcoin announced that it had detected unauthorized outflows of Bitcoin from its platform, amounting to 4502.9 coins (worth approximately $300 million). The platform plans to purchase an equivalent amount of Bitcoin with the support of its parent company, ensuring the full value of Bitcoin held by its customers.
