Monday, November 25, 2024
HomeSecurity NewsBitcoin Exchange YouBit Shutdowns after being Hacked Second Time this Year

Bitcoin Exchange YouBit Shutdowns after being Hacked Second Time this Year

Published on

Bitcoin exchange Youbit shutdowns services after it was hacked second time in the same year within eight months.

The first incident occurs in April, and the company lost 4,000 bitcoins which worth $74 million today. Youbit said the loss percentage is less when compared to April incident.

“The coin loss at 4:35 am about 17% of total assets. The other coins were kept in the cold wallet, and there were no additional losses and going to proceed with the process of stopping the transaction, stopping deposit and withdrawal, and bankruptcy on December 19, 2013.”

Youbit says all the coin and cash transactions suspended at 12:00 pm on December 19, 2017, and the settlement will be done based on the bankruptcy procedures, according to their statement.

- Advertisement - SIEM as a Service

No information has been released about who might have been behind the latest Youbit attack.Youbit was one of the smaller exchanges active in South Korea.

Youbit does not open how the incident takes place, according to the company statement “Cash and coins deposited after 4:00 pm will be 100% refunded.”

Bitcoin recent rise happened as fast as possible, and it crosses the $14,000 landmark for the first time in history, now it’s started dropping, it almost falls 17% percent Youbit announced today that it is closing down.
Bitcoin Exchange

Starting this December NiceHash suffered a data breach and the Bitcoin address circulated indicates around 4,736.42BTC which worth’s 68,169,547.78 USD has been stolen.

Some of Very Recent Cryptocurrency Breaches

1. CoinDash Suffered a Hacking Attack And Stolen $7 Million Worth Ethereum Cryptocurrency
2. World’s Fourth Largest Cryptocurrency “Bithumb” Hacked and Many Number of User Accounts Compromised
3. Cryptocurrency wallets Hacked by “CryptoShuffler” Trojan & Stole $140,000 From Many Wallet ID
4. Over 1.65 Million Users Infected By Cryptocurrency Malware Miners In 2017

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

Threat Actors Exploit Google Docs And Weebly Services For Malware Attacks

Phishing attackers used Google Docs to deliver malicious links, bypassing security measures and redirecting...

Python NodeStealer: Targeting Facebook Business Accounts to Harvest Login Credentials

The Python-based NodeStealer, a sophisticated info-stealer, has evolved to target new information and employ...

XSS Vulnerability in Bing.com Let Attackers Send Crafted Malicious Requests

A significant XSS vulnerability was recently uncovered in Microsoft’s Bing.com, potentially allowing attackers to...

Meta Removed 2 Million Account Linked to Malicious Activities

 Meta has announced the removal of over 2 million accounts connected to malicious activities,...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

Nearest Neighbor Attacks: Russian APT Hack The Target By Exploiting Nearby Wi-Fi Networks

Recent research has revealed that a Russian advanced persistent threat (APT) group, tracked as...

Critical PDF.js & React-PDF Vulnerabilities Threaten Millions Of PDF Users

A new critical vulnerability has been discovered in PDF.js, which could allow a threat...

LayerX Security Raises $26M for its Browser Security Platform, Enabling Employees to Work Securely From Any Browser, Anywhere

LayerX, pioneer of the LayerX Browser Security platform, today announced $24 million in Series...