Fundraising Success Amidst Crisis
DMM Bitcoin, a cryptocurrency trading platform, has announced a successful fundraising of 55 billion yen (approximately 354 million USD) on June 16. This financial boost comes as a response to an unauthorized outflow of cryptocurrency assets that occurred on May 31, 2024. The raised capital includes two separate 50 billion yen tranches in debt financing and an additional 20 billion yen in subordinated debt financing.
Compensation for Users
In a move to address the concerns of affected users, DMM Bitcoin has secured the Bitcoin equivalent to the stolen amount. This cryptocurrency, intended for user compensation, was purchased on June 14, ensuring that users will not bear the brunt of the financial loss.
Ongoing Investigation
The incident, previously reported by BlockBeats, involved an unauthorized outflow of Bitcoin from DMM Bitcoin, a subsidiary of the DMM.com Group. The outflow totaled approximately 48 billion yen (equivalent to 305.9 million USD). Investigations into the cause of this significant security breach are still underway, with the platform taking measures to prevent future occurrences.
