DMM Bitcoin Raises $320M to Compensate Hack Losses
🇯🇵 Japanese crypto exchange #DMMBitcoin is taking decisive action to recover from a $320 million hack. The exchange plans to raise 50 billion yen ($320 million) to compensate affected users.
🗒 In a statement on June 5, #DMM Bitcoin announced it would restore stolen funds by procuring an equivalent amount of Bitcoin from its group company, DMM.com.
👀 The exchange aims to minimize market impact with these purchases and has deeply apologized for the incident and its effects on customers.
💰 This financial support from DMM.com will ensure that all customer Bitcoin holdings are guaranteed. The #exchange continues to investigate the cause of the unauthorized outflow.
