New reports reveal that cryptocurrency exchange Youbit has emerged again due to a series of recent hacks as well as a bankruptcy filing. It is no more news that civil lawsuits and an insurance claim controversy are still in the process.
The recent updates state that the cryptocurrency update is still in operation even after it has been renamed following a successful sale. Meanwhile, the reports also reveal that one of the biggest and most popular South Korean property-and-casualty insurers, DB Insurance holds that it is not liable to a claim of 3 billion Won, which is approximately $280 million. The claim is raised by the operator of Youbit, Yapian.