Crypto News

What Happened with DMM Bitcoin? Last week, DMM Bitcoin, one of the leading crypto exchanges in Japan, fell victim to a major hacking incident. It was reported that the exchange lost a whopping 7 billion yen ($44 million) worth of virtual currencies in the attack. The exchange immediately halted all its services and started investigating the incident. The Plan to Raise 50 Billion Yen In order to compensate the customers who lost their funds in the hacking attack, DMM Bitcoin is planning to raise 50 billion yen through a combination of debt and equity financing. This amount will be used to buy Bitcoins and distribute them among the affected customers. This move is aimed at rebuilding the trust of customers and reviving the exchange's operations. The Impact on the Crypto Market The news of DMM Bitcoin's hacking incident and the subsequent plan to raise funds has caused a stir in the crypto market. Many investors are closely monitoring the situation, as it could potentially...