A cyber attack has forced one of South Korea’s cryptocurrency exchanges to stop trading and file for bankruptcy after losing a large chunk of its reserves.
Yapian, which operates the Youbit exchange in South Korea, suspended trading on Tuesday after it was hacked, causing it to lose 17 per cent of its assets, according to a statement from the company.
The attack marks the second on Youbit in only eight months after the exchange experienced a breach in April, according to local media reports.
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