Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: WSJ

Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: WSJOne of South Korea’s largest insurance companies has denied a claim from cryptocurrency exchange Youbit in the wake of a December cyberattack that bankrupted the firm’s parent company. The Wall Street Journal reports that DB Insurance denied a $2.8 million claim from Yapian Corp. — Youbit’s parent company — in early February. Yapian had taken
The post Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: WSJ appeared first on CCN

One of South Korea’s largest insurance companies has denied a claim from cryptocurrency exchange Youbit in the wake of a December cyberattack that bankrupted the firm’s parent company. The Wall Street Journal reports that DB Insurance denied a $2.8 million claim from Yapian Corp. — Youbit’s parent company — in early February. Yapian had taken

The post Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: WSJ appeared first on CCN

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