You are here
South Korean bitcoin exchange Youbit closes after second hack attack
From the British Broadcasting Corp., London
Tuesday, December 19, 2017
A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months.
Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17 percent of its assets in the cyberattack.
It did not disclose how much the assets were worth at the time of the attack.
In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73 million to cyberthieves.
South Korea's Internet and Security Agency, which investigates net crime, said it had started an enquiry into how the thieves gained access to the exchange's core systems.
The agency blamed the earlier attack on Youbit on cyber-spies working for North Korea. Separate, more recent attacks on the Bithumb and Coinis exchanges have also been blamed on the regime. ...
... For the remainder of the report:
A Network of Bullion Dealers Who Bid for Your Business
With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you’ll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.
Click here to learn more:
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 21-22, 2018
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: