Another South Korean Bitcoin Exchange Hacked, Files For Bankruptcy

Seoul-Based South Korean bitcoin exchange Youbit has admitted to suffering a major security breach that led to the loss of a fifth of user funds stored on the trading platform.
Youbit to Proceed With Bankruptcy Proceedings
In an announcement, Youbit told its users that they will only be able to withdraw 75 percent of their funds stored on the exchange. The company stated that the rest will be credited to the users after the final bankruptcy proceedings are settled.
The official statement of Youb