tl;dr
Japanese crypto exchange DMM Bitcoin plans to raise 50 billion yen ($321 million) to compensate customers after a recent hack. The company will secure the funds through a 48 billion yen capital increase and 2 billion yen in subordinated debt. The unauthorized outflow involved 4,502.9 Bitcoin, making...
Japanese crypto exchange DMM Bitcoin has announced a 50 billion yen ($321 million) fundraising plan. This comes in response to a recent hack that resulted in an unauthorized outflow of 4,502.9 Bitcoin. The company plans to secure the funds through a 48 billion yen capital increase and 2 billion yen in subordinated debt to compensate affected customers.
Japanese regulators have demanded a thorough investigation into the hack, which is the seventh-largest crypto theft recorded. This incident has highlighted security vulnerabilities within Japan's crypto sector, prompting the Financial Services Agency to call for an examination into the breach's origins and the strategy for compensating affected customers. Finance Minister Shunichi Suzuki has also emphasized the government's commitment to strengthening security measures.
This hack adds to a history of significant security breaches in Japan's crypto industry, following the Mt. Gox collapse in 2014 and the CoinCheck breach in 2018. Mati Greenspan, CEO of Quantum Economics, reflected on the recurring security issues in the Japanese crypto sector, expressing concerns about the impact on crypto adoption in Japan.
Despite these security challenges, the overall crypto sector has shown resilience, with a 20% decrease in losses due to crypto-related crimes in 2024 compared to the previous year. Specifically, May 2024 witnessed a 12% decline in such incidents compared to May 2023, indicating signs of adjustment and improvement within the industry.
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C3 Ai Inc (C3)
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: $3,644,379,000
Dividend Yield: None
PEG Ratio: None
EPS: -2.34
EBITDA: 2.602
P/E Ratio: -0.901
Volume: 310,582,000
Market Price: $29.82
52-Week Change: 0
RSI: 0.196
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Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 99670000
Dividend Yield: None
EPS: -0.16
PE Ratio: 1.918
52-Week High: -0.127
52-Week Low: 106582000
Price to Sales: 4.88
Price to Book: 3.42
Return on Equity: 0.148
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Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES, SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: $1,962,550,000
Dividend Yield: None
Beta (5Y Monthly): -0.17
Price/Earnings Ratio (TTM): 10.48
Earnings Per Share (EPS) (TTM): -0.0158
Volume: 746,228,000
Forward Dividend & Yield: $9.75 / 0.888%
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AXIS Capital Holdings Ltd Summary
AXIS Capital Holdings Limited offers various specialized insurance and reinsurance products worldwide. The company is headquartered in Pembroke, Bermuda.
Industry: FINANCE
Sector: FIRE, MARINE & CASUALTY INSURANCE
Market Cap: 6.19B
P/E Ratio: 11.18
EPS: 1.76
ROE: 6.54%
Current Price: $67.22
Dividend Yield: 0.103
Revenue: 5.72B
Gross Margin: 76.33%
Operating Margin: 1.254
Profit Margin: 0.06
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Industry: Real Estate & Construction
Sector: Blank Checks
Volume: 14,652,500
Price Change: -6.33
RSI: 0.202
Support Level: 3874000
Resistance Level: 15
Trend: Bearish
Pattern: Head and Shoulders (-0.908)