Japanese crypto exchange DMM Bitcoin intends to raise $320 million to purchase BTC and reimburse victims of the recent hack. The capital will be used to buy bitcoin and pay back users who had BTC on the exchange.
DMM Bitcoin, a subsidiary of DMM Financial under DMM Group, aims to secure user-held BTC through support from group companies. The exact cause of the hack, which resulted in over $305 million being stolen, remains unclear.
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