Bitcoin exchange goes bust after hack
A bitcoin exchange in South Korea has gone out of business after being hacked, highlighting the perils of trying to cash in on this year's stunning boom in digital currencies.
Seoul-based Youbit said it was filing for bankruptcy after cyber-thieves stole nearly a fifth of its clients' holdings in an attack Tuesday.
It's the second time this year that Youbit, which allows customers to trade bitcoin and other digital currencies, has been hit by hackers.
In April, thieves made off with 38 billion won ($35 million) in digital currencies. The company didn't say how much was taken in the latest heist or how exactly it happened.
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