PANews reported on February 3 that Dragonfly investor Omar stated that Nomura Securities reported losses of up to 10.6 billion yen (approximately $68 million) for its cryptocurrency division, Laser Digital. The losses were attributed to "the volatility in the digital asset market observed in October and November." The CFO noted that Laser Digital had previously held some long positions and has since taken steps to reduce its risk exposure and further strengthen its risk management framework.