Audio By Carbonatix
A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months.
Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17% of its assets in the cyber-attack.
It did not disclose how much the assets were worth at the time of the attack.
In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m (£55m) to cyberthieves.
Crime wave
South Korea's Internet and Security Agency (Kisa) which investigates net crime, said it had started an enquiry into how the thieves gained access to the exchange's core systems.
Kisa blamed the earlier attack on Youbit on cyber-spies working for North Korea. Separate, more recent, attacks on the Bithumb and Coinis exchanges, have also been blamed on the regime.
No information has been released about who might have been behind the latest Youbit attack.
In a statement, Youbit said that customers would get back about 75% of the value of the crypto-currency they have lodged with the exchange.
It said it was "very sorry" that it had been forced to shut down.
The exchange added that the hackers did not manage to steal all the digital cash it held because a lot was lodged in a "cold wallet" - a secure store used to hold the assets that were not being traded.
Youbit was one of the smaller exchanges active in South Korea. The majority of Bitcoin trading in the country is done on the Bithumb exchange which has a 70% market share.
More and more cybercriminals have tried to cash in on the boom in virtual currencies such as Bitcoin. Many have created malware that seeks to use victims' computers to create or "mine" valuable currencies. Others have simply attacked exchanges and other crypto-cash service firms to get at large numbers of bitcoins at once.
Earlier this month, hackers got away with more than $80m in bitcoins from NiceHash, a Slovenia-based mining exchange.
Latest Stories
-
I lost that track – Tsatsu Tsikata explains why he never became a judge
48 minutes -
King Charles’ visit to ‘revitalise’ relationship with US, says UK ambassador
1 hour -
SALL disenfranchisement a danger to the Republic – Tsatsu Tsikata warns
1 hour -
Exclusion like SALL risks turning state into ‘gang of robbers – Tsatsu Tsikata
2 hours -
Oil prices rise as US-Iran peace talks stall
2 hours -
Ghana secures hosting rights for 2027 U-20 boys AFCON – Kurt Okraku announces
3 hours -
WACCU transitions to BoG regulation, launches digital tools amid GH¢89.9m asset growth
4 hours -
Death toll in Colombia highway bus bomb attack rises to 20
4 hours -
The Chinese sports brand taking on Nike and Adidas
4 hours -
SALL deserves reparations for 4 years of political exclusion – Tsatsu Tsikata
5 hours -
Hire, fire, final – Chelsea’s player power may be ugly, but it wins
5 hours -
Italian referee chief suspends himself over allegations
5 hours -
Gauff beats Cirstea in Madrid despite stomach virus
5 hours -
Defending champion Alcaraz to miss French Open
6 hours -
Galatasaray accuse referees of having ‘evil inside’ them
6 hours