Youbit Files For Bankruptcy – Exchange Closes After 2 Hacks?

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American rapper, song-producer and entrepreneur Kanye West has just announced that he is running for president of the United When he contacted the company’s data center, the hacker claimed to be Canadian Bitcoin’s CEO, James Grant. At that time, the company’s data was being migrated to a new provider, Rogers Data Centre. All it took was one email, and the new data firm sent over the information. ByBit is one of the leading crypto derivatives exchanges. The company is headquartered on the British Virgin Islands and has an office in Singapore. ByBit offers perpetual futures products with 100:1 leverage on several crypto assets (BTC, ETH, XRP, EOS). The contract model of ByBit is almost identical to BitMEX perpetual contract model. South Korean exchange Youbit, owned by a company named Yapian, stopped trading of cryptocurrencies on its platform and filed for bankruptcy on Tuesday after a hacker stole 17% of its cryptocurrency holdings. This is the second hack the exchange has suffered in eight months. Earlier in April, Youbit, formerly known as Yapizon, had 4000 bitcoins stolen from its coffers. South Korean exchange Youbit has announced it is filing for bankruptcy after hackers stole 17% of its net assets. ‘Very Sorry (Again)’ In an announcement on its homepage since reported by various news outlets, the relatively unknown exchange, which is not to be confused with the similarly-named Yobit.net, said it had made “every effort” to stay afloat. With Bitmain in hot waters, Bitcoin Cash holders worry that this is bad news for their future. Bitmain has been the biggest vocal supporter and cryptocurrency buyer for Bitcoin Cash. With holdings of 1 Million Bitcoin cash, the own around 5% of the total supply. Bitmain also funds Bitcoin Cash development – and this is under jeopardy as there rumors that this

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Bitcoin Mining Companies Bankrupt

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