BlockBeats reported that on December 2, Japanese cryptocurrency exchange DMM Bitcoin stated that it raised approximately 55 billion yen (365.1 million USD) through various financing plans in June. Specifically, on June 3, the company raised 5 billion yen (33.2 million USD) through loans; on June 7, it raised 48 billion yen (318.6 million USD) through capital increases. The last tranche of funding was received on June 10, when DMM Bitcoin obtained an additional 2 billion yen (13.3 million USD) through subordinated loans.
The official statement said that DMM Bitcoin plans to cease operations after completing the transfer of assets to SBI VC Trade.
SBI VC Trade announced on Monday that they plan to begin spot trading for the 14 cryptocurrencies currently traded on DMM Bitcoin before completing the transfer of custodial assets.
This morning, news came that DMM Bitcoin announced it will cease operations. Following the theft of Bitcoin worth 48.2 billion yen at the end of May this year, which restricted its services, the company abandoned attempts to restructure operations. Customer assets held by DMM Bitcoin are expected to be transferred to SBI Group's cryptocurrency exchange SBIVC Trade around March 2025.
Previously in May, DMM Bitcoin was hacked and lost 4,502.9 BTC, amounting to a loss of 305 million USD.
