According to news on December 2, Japanese cryptocurrency exchange DMM Bitcoin stated that it raised approximately 55 billion yen ($365.1 million) through various financing plans in June. Specifically, on June 3, the company raised 5 billion yen ($33.2 million) through borrowing; on June 7, the company raised 48 billion yen ($318.6 million) through a capital increase. The last tranche of funds arrived on June 10, when DMM Bitcoin secured an additional 2 billion yen ($13.3 million) through subordinated borrowings. An official statement stated that DMM Bitcoin plans to cease operations after completing the asset transfer to SBI VC Trade. SBI VC Trade announced on Monday that it plans to start processing spot trades for the 14 cryptocurrencies currently traded on DMMBitcoin, pending the completion of the transfer of custody assets. This morning’s news revealed that DMM Bitcoin will be liquidated and its assets will be sold to a subsidiary of SBI Group. In May, DMM Bitcoin was hacked and 4,502.9 BTC was stolen, resulting in a loss of US$305 million.