Korean Cryptocurrency Exchange Youbit to Close After Second Hack in a Year

The decision to stop this operation is as follows, and the exchange was hacked for the second time this year. This South Korean cryptocurrency Exchange Ivy has been planned to file for bankruptcy.

It did not expand on the amount but he said that all the customers of the cryptocurrency asset will be marked up to 75 percent of their value. Its website announced on its website Tuesday that it was cut at local time at 4:35 in the morning, resulting in 17 percent of its total assets.

Accordingly, the trade of these coins and its cash withdrawal was suspended for reducing the customer losses. Apart from this, other coins were kept in cold purses and no additional damage was done.

source - https://news.bitcoin.com/korean-cryptocurrency-exchange-youbit-to-close-after-second-hack-in-a-year/