DMM Bitcoin plans to raise 50 billion yen through capital increase and internal borrowing to pay for customer withdrawals, etc.

DMM Bitcoin, a crypto asset exchange operator under the Japanese cryptocurrency exchange DMM Group, plans to raise more than 50 billion yen (about 322 million U.S. dollars) through capital increase and internal group loans to pay for customer withdrawals and other expenses. In response to the Bitcoin theft on May 31, DMM Bitcoin will fully guarantee the transferred customer Bitcoin with the support of the group company. (Nikkei News) Earlier on May 31, it was reported that the Japanese cryptocurrency exchange DMM Bitcoin was hacked and the loss amounted to 305 million U.S. dollars. 4,502.9 bitcoins were stolen from the exchange. DMM Bitcoin said it would guarantee the full amount of the stolen amount. At present, all spot purchases are temporarily restricted, and customers who withdraw yen may face delays. It is reported that this is the second largest hacker attack loss amount for Japanese cryptocurrency exchanges. In 2018, Coincheck was hacked and lost 58 billion yen.