[Crypto] The Case of Hacking on the Exchange in Korea
17.12.19 Youbit secondary hacking
I am John :)
The cryptocurrency market in korea broke its record price in December 2017
When the heat for Bitcoin is soaring
When many people began to be interested in cryptocurrency with new assets
Once again, there has been a hacking case where the safety of the exchange is disrupted!! This time, the second hacking case where the exchange was hacked once more!!!
3. December 19, 2017 Youbit (formerly yapizone) Second hacking incident
17% Cryptocurrency loss of 17% to 17.2 billion won

This is the second time the YouBit has hacked because its former Yapizon Exchange has been renamed and operated since it was hacked. Once Yapijon was hacked, the Youbit who changed his name and operated was hacked again, and the damage was the highest ever.
The Youbit has come up with a plan.
Go bankrupt.
The damage to the hacking, which amounts to about 17.2 billion won, was complicated by the discovery that the cryptocurrency investors had to share.
And the government, at this time, didn’t recognize cryptocurrency as a financial instrument, so the investor was responsible for the loss.
Youbit’s hacking case has led to a variety of conspiracy theories, including taking out 3 billion won of insurance before hacking.
In the end, the central exchange was hacked again, and the damage remained intact to the users.
Continuing exchange hacking tells us absolutely one thing.
The central exchange is absolutely not safe from hacking.
The hacking of these exchanges continues beyond small and medium-sized exchanges to large exchanges.
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