The Seoul-based cryptocurrency exchange Youbit has seen its insurance claim denied by a South Korean insurance company following a high-profile cyber attack in December. Rejected! Youbit was hacked twice in 2017. The first cyber attack on the little-known exchange took place inΒApril and saw 4000 BTC covertly liberated from Youbitβs stores. The exchange never fully recovered before it was hacked again in December losing an estimated 17 percent of its total assets. Youbit is operated Read More The post South Korean Exchange YouBits $2.8 Million Insurance Claim Denied appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/south-korean-exchange-youbits-2-8-million-insurance-claim-denied/