Youbit collapse

Youbit collapse

Youbit, a South Korean cryptocurrency exchange, announces the beginning of its bankruptcy procedure. This year it was attacked for the second time by hackers, and lost about 17% of its assets

Representatives of the exchange did not indicate the amount of damage, saying that they would return 75% of the balance to their users.

Youbit was previously attacked by hackers in April of this year with damage of 4,000 BTC, and the South Korean media pointed to North Korean hackers (or intelligence agencies) as the main suspects.

Let us remember the May march of the WannaCry ransomware virus across the worldwide network, the authorship of which was attributed by the US NSA to the same North Korea. Let me remind you that the virus demanded $300 in Bitcoin for unlocking. It seems that Kim Jong-un highly appreciated the merits of cryptocurrencies and believes in their further development...

A representative from KISA (Korea Internet Security Agency) said that an investigation into this attack is already underway.

You May Also Like

32018-10-10

Poloniex simplifies crypto trading using smartphones

Cryptocurrency exchange Poloniex has launched a new application for iOS and Android systems that allows you to trade with just a few clicks.

Stock
32018-09-28

New Coinbase Tools for Beginner Traders 

Coinbase has announced that it is adding three new services to its platform: Coinbase Bundle, asset pages, and Coinbase Learn. The purpose of these services is to give beginners more understanding of the ongoing processes and basic knowledge. 

Stock

Latest articles from Stock category

Fresh video on our Channel