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Bitcoin exchange shuts down after being hacked twice in one year

19
Dec
2017
Bitcoin exchange shuts down after being hacked twice in one year

youbit

A South Korean Bitcoin exchange has collapsed after suffering its second hack in less than a year.

As The Telegraph reports, YouBit has announced that it suffered a hack at 04:35am local time today, which saw criminals steal 17% of its total assets.

As a consequence, YouBit has declared itself bankrupt and – by the time you read this article – will have shut down forever.

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