Bitcoin Exchange Youbit Shut Down Following Hack

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20 December, 2017

Bitcoin Exchange Youbit Shut Down Following Hack

A bitcoin exchange, Seoul-based Youbit, has shut down after being hacked, highlighting the perils of trying to cash in on this year's stunning boom in digital currencies. The company is yet to confirm what if any amount of digital currencies were taken as a result of this hack.

It wasn’t the first time this year that Youbit got hacked.

In April, thieves made off with 38 billion won ($35 million) in digital currencies.

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