Topic: [2017-04-28] South Korean Bitcoin Exchange Suffers $5 Million Hack - page 2. (Read 12520 times)
April 28, 2017, 01:33:23 PM
It's of course sad for those affected, but the number of stolen coins is too insignificant to even dent the western market. It will just like Bitfinex issue tokens that will eventually lead to users being compensated, which according to the company's annual profits, will take more than 2 years in order for people to get fully compensated. Bitfinex haircut was slightly over 36%, where Yapizon will go with around 37%. It's most likely pure coincidence that the haircut levels are near equal, but it directly sparks as it is somewhat of a similarity.
April 28, 2017, 12:05:30 PM
South Korean Bitcoin Exchange Suffers $5 Million Hack, Issues Bitfinex-Like Tokens
South Korean bitcoin exchange Yapizon was hacked earlier this week, losing more than US$5 million worth of user funds and bitcoin. According to the exchange’s official statement translated by CCN, four hot wallets of the exchange were hacked by an unknown group of hackers. The Yapizon legal team noted that approximately 37 percent of user funds were hacked and exactly 3,816 bitcoins were stolen from the exchange.
https://www.cryptocoinsnews.com/south-korea-yapizon-bitcoin-exchange-hack/
South Korean bitcoin exchange Yapizon was hacked earlier this week, losing more than US$5 million worth of user funds and bitcoin. According to the exchange’s official statement translated by CCN, four hot wallets of the exchange were hacked by an unknown group of hackers. The Yapizon legal team noted that approximately 37 percent of user funds were hacked and exactly 3,816 bitcoins were stolen from the exchange.
https://www.cryptocoinsnews.com/south-korea-yapizon-bitcoin-exchange-hack/
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