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Home / Events / Regulation / Youbit Cryptocurrency Exchange in South Korea Collapses Files for Bankruptcy 

Youbit Cryptocurrency Exchange in South Korea Collapses Files for Bankruptcy 

Events, Regulation December 19, 2017 , by Comments Off on Youbit Cryptocurrency Exchange in South Korea Collapses Files for Bankruptcy  15

A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. The exchange trades 10 virtual currencies including bitcoin and ethereum. …

Source: Cryptocurrency Exchange Collapses, Files for Bankruptcy After Second Hack – WSJ

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