Japanese crypto exchange raises $320M to recover funds after major hack

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Coin Coin Headlines News

Japanese exchange DMM Bitcoin plans to raise $320M to recover funds stolen in a major hack, ensuring customer compensation and restoring trust.

The company also explained that its investigation is ongoing following the “unauthorized outflow” equivalent of 4,503 BTC on May 31.

The firm also stated that it will “promptly inform" the public of any new details as they become available.Securing recovery funds A further capital increase of 48 billion yen is scheduled for June 7, and an additional 2 billion yen through subordinated debt financing on June 10.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Over $300 million in bitcoin stolen from Japanese exchange DMM BitcoinJapanese crypto exchange DMM Bitcoin said more than $300 million in bitcoin has been taken from its wallet.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Japanese Crypto Exchange DMM Bitcoin Hacked: $305M Worth Bitcoin DrainedCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Japanese exchange DMM loses $305M in Bitcoin via private key hackThe exchange saif that new account openings, new spot buy orders, and all new leveraged orders will be halted temporarily.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Japanese Crypto Exchange DMM Bitcoin Suffers $305M HackOliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Source: CoinDesk - 🏆 291. / 63 Read more »

This Public Japanese Firm Has Added Bitcoin as Its Reserve AssetCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »