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Japanese crypto exchange raises $320M to recover funds after major hack

DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds.

DMM Bitcoin, a Japanese crypto exchange recently hacked for $320 million worth of Bitcoin (BTC), plans to raise 50 billion yen ($320 million) to compensate users for their losses. 

In a statement issued on June 5, DMM Bitcoin explained that it would recover stolen customer funds by procuring an equivalent amount of Bitcoin (BTC) from its group company, DMM.com. 

Related: Bitcoin may hit new high if US employment, inflation slows

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DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds.
DMM Bitcoin, a Japanese crypto exchange recently hacked for $320 million worth of Bitcoin (BTC), plans to raise 50 billion yen ($320 million) to compensate users for their losses. In a statement issued on June 5, DMM Bitcoin explained that it would recover stolen customer funds by procuring an equivalent amount of Bitcoin (BTC) from its group company, DMM.com. Related: Bitcoin may hit new high if US employment, inflation slowsRead more  

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