Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy

in zappl •  7 years ago 

The South Korean exchange Youbit, after filing bankruptcy and being sold and renamed has resurrected itself, with a new name. After being denied an insurance claim worth 280 Million Dollars, the insurer asserted that Yapian “violated the ‘advance notice obligation’” which requires the company to disclose important information prior to obtaining insurance.

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