Odaily Planet Daily reported that the Japanese cryptocurrency exchange DMM Bitcoin 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, the company raised 48 billion yen (318.6 million USD) through capital increase. The last funding was received on June 10, when DMM Bitcoin obtained an additional 2 billion yen (13.3 million USD) through subordinated loans. An official statement stated that DMM Bitcoin plans to cease operations after completing the asset transfer to SBI VC Trade. SBI VC Trade announced on Monday that it plans to start handling spot trading of 14 cryptocurrencies currently traded on DMM Bitcoin before completing the custody asset transfer. This morning, DMM Bitcoin announced that it will cease operations. Due to a Bitcoin theft incident worth 48.2 billion yen that occurred at the end of May this year, which resulted in restricted services, the company abandoned attempts to restructure operations. The 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 4502.9 BTC, amounting to a loss of 305 million USD.

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