Crypto exchange DMM plans to raise 50 billion yen through capital increase and internal borrowing to pay for customer withdrawals and other expenses

DMM Bitcoin, the cryptocurrency exchange operator under the Japanese cryptocurrency exchange DMM Group, plans to raise more than 50 billion yen (322 million US dollars) through capital increase and intra-group borrowing to pay for customer withdrawal fees. In response to the Bitcoin leak incident on May 31, DMM Bitcoin will fully guarantee the leaked customer Bitcoin with the support of the group company.