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Tag: Youbit

More Trouble For Cryptocurrency Exchange Youbit After its Insurance Claim was Rejected

Category: Altcoins, Business, Finance, News

More Trouble For Cryptocurrency Exchange Youbit After its Insurance Claim was Rejected

As if being hacked twice in eight months, losing 17 percent of its net assets, and having to file bankruptcy was not bad enough, South Korean cryptocurrency exchange Youbit now finds itself trapped in a classic out-of-the-frying-pan-into-the-fire situation. The troubled company announced March 29 that the insurance provider it signed up with is declining to cover the claim against the…

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