The Latest in IT Security

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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