Korean Crypto Exchange Coinbin Declares Bankruptcy Following Alleged $26 Million Embezzlement

Korean cryptocurrency trading platform Coinbin, which took over “Top Ten Korean …Exchange” Youbit last April after Youbit lost $15 million USD (17 billion won) in customer funds in a hack, has declared bankruptcy and ceased all trading on February 22nd, Business Korea reports. Coinbin CEO Park Chan-kyu… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged exchange, south korea, youbit