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DMM Bitcoin outlines funding plan to cover over $300 million in hack losses

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DMM Bitcoin News

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The crypto exchange said $32 million has already been procured, with a further $320.4 million in funds due over the coming days.

DMM Bitcoin has outlined plans to cover losses from the theft of over $300 million in bitcoin from the Japanese crypto exchange last week.

According to an English translation of a statement made in Japanese on the company’s website on Wednesday, DMM Bitcoin outlined a schedule for securing funds to procure the bitcoin with financial support from its group company, the electronic commerce and Internet company DMM Group.

 

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