In the wee hours of December 19, Youbit was dealt a death blow in the form of another hack. The exchange, which was also hit in April, is closing down in the fallout of the most recent attack. The Straw that Broke the Camel’s Back As revealed on its website, South Korean exchange Youbit has been forced to terminate its services after suffering another hack. The hackers ran off with 17% of Youbit’s funds, enough to drive the exchange into bankruptcy. The exchange did not clarify just how many funds were taken from its hot wallets, but luckily, all remaining coins were kept offlinePowered by WPeMatico
