Cybersecurity
South Korean Crypto Exchange Files for Bankruptcy After Hack
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Cryptocurrency dealer Youbit became a casualty of hackers.
The South Korean exchange will close and enter bankruptcy proceedings after a cyberattack at about 4:35 a.m. local time, its owner, Yapian, said Tuesday in a statement. About 17 percent of total assets were lost. The heist follows a previous “accident´´ in April, after which Yapian said it encouraged clients to keep their tokens in a safer form.