A South Korean Bitcoin Exchange Youbit Is Getting Ready To Declare Bankruptcy After A Crippling Hack And Subsequent Theft.
Youbit was a small player in the market, which is dominated by bithumb, a much larger exchange. Bithumb and yapizon suffered minor security breaches throughout this year and have been responsible for the theft of user identities and user funds. Youbit said that it beefed up its security policies following the april hack and that the other 83 percent of the exchange’s funds were stored safely in a cold.
Local Media Reports Reveal That The Trading Platform Is Now Operational After Being Sold To.
Almost immediately after the hacking attack, youbit’s parent company yapian filed for bankruptcy. A south korean bitcoin exchange called youbit said (link in korean) hackers had stolen 17% of its asset reserves and it now plans to file for bankruptcy. With so many small south korean investors diving into bitcoin, authorities are getting worried about.
It Is Believed That An External Hack Led To The Loss Of “About 17 Percent Of Total Assets.”
In an official statement, the youbit team told its users that 75 percent of their holdings on the youbit. Youbit is a smaller player in south korea's cryptocurrency market, with the world's busiest cryptocurrency exchange bithumb accounting for about 70 percent of. Youbit posted on its official account saying that on tuesday morning at 04:35 am (local time) external hackers stole “about 17 percent of.
Db Insurance — One Of South Korea’s Four Biggest Property And Casualty Insurers And The Company That Holds South Korean Cryptocurrency Exchange Youbit's Policy — Has Denied A Claim That The Exchange Filed After A Hack In December Of Last Year Drained It Of About 17% Of [Its] Total Assets. Youbit Claimed That The Insurance Money, Which Could Have Added Up To $2.8 Million.
According to the wall street journal, the operators filed a claim with db insurance co. Youbit is operated by yapian corp. For yapian, the company that operates the.
This Has Made The Owner Company Yaffian Co.
South korean cryptocurrency exchange youbit files for bankruptcy after getting attacked by hackers for the second time in a year. In an official statement, the youbit team told its users that 75 percent of their holdings on. Almost immediately after the hacking attack, youbit’s parent company yapian filed for bankruptcy.