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.

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