DMM Bitcoin lays out fundraising plan to repay theft victims

A Japanese crypto exchange plans to pay back victims of a recent unauthorized leak in the coming days via raising capital.

DMM Bitcoin reiterated in a translated post that it would make available the entire amount of customer-held bitcoin lost in the leak “with support from our group companies.”

The company took out a loan worth $32 million, or five billion yen, on Monday. 

Read more: Japanese crypto exchange reports bitcoin theft worth $305M

DMM Bitcoin noted it planned to raise $310 million (48 billion yen) on June 7. It then seeks to secure an additional roughly $13 million (two billion yen) in subordinated debt on June 10.

The update comes about a week after DMM Bitcoin…

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