Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims

Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims

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Source: Coindesk.com

DMM Bitcoin will raise 7 billion yen ($44 million) through loans and 48 billion yen through a capital increase. The capital will be used to purchase bitcoin and pay back users who held BTC on the exchange. The cause of the hack remains unclear.

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The post "Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims" appeared first here Coindesk.com.

Source: Coindesk.com

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