Bitcoin Exchange Youbit Shut Down Following Hack

Written by:
Published on:

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.

video News

Mapping out eCommerce Future in the Age of Bitcoin Cash: Gambling has a Long Way to Go Though

The highly anticipated inaugural Conference is set to take place in Hong Kong in the next few weeks. 

Famed Sports Handicapper, Journalist Missing: Frantic Search Underway

One of the world's top sports handicappers and writers, Dave Malinsky, has not been seen or heard from since Saturday. 

Fundstrat's Tom Lee Makes The Case For A Big Bitcoin Rally Post-Tax Day

Fundstrat's Tom Lee Makes The Case For A Big Bitcoin Rally Post-Tax Day

This could be a great time to invest in bitcoin or other cryptocurrencies now that Tax Day has come and gone (well, sort of, as the IRS site crash has resulted in a bit of an extension). 

Bitcoin Craze More Psychological Than Economical Claims Economist

The latest expert to call Bitcoin a "bubble" is none other than Nobel Prize-winning economist Robert Shiller.

Bitcoin Jumps on News That SEC Will Begin Cracking Down on Crypto Fraud

Pundits on Fox Business surmised a fall in bitcoin's price Thursday following news that the SEC intended to aggressively go after cryptocurrency fraud.