Crypto News

DMM Bitcoin Announces $321 Million Fundraising Plan The Japanese crypto exchange DMM Bitcoin has revealed their plan to raise 50 billion yen, equivalent to $321 million, in order to compensate customers affected by a recent hack. This move comes as a response to the recent hack which resulted in the theft of millions of dollars worth of Bitcoin from the exchange. Customers to be Compensated in Bitcoin As part of their fundraising plan, DMM Bitcoin has announced that they will be using the raised funds to purchase Bitcoin in order to compensate their customers affected by the hack. This decision has been made in order to ensure that customers are reimbursed in the same currency that was stolen from them. Increased Security Measures to be Implemented In addition to the fundraising plan, DMM Bitcoin has also announced that they will be implementing increased security measures to prevent future hacks. These measures include regular security audits, enhanced encryption protocols...