Insurance Service Refused to Hacked Youbit Request

Youbit hacks investigation is still in the initial stages
29 March 2018   532

South Korean Exchange Youbit received a refusal to request, sent to the insurance service, a few months after a hack.

In December, Youbit declared itself bankrupt, after hacked twice during 2017. The last attack resulted in the loss of 17% of the exchange's assets and its subsequent closure.

According to the Wall Street Journal, the exchange contacted the insurance service in accordance with the procedure, which she was informed about several weeks before the second hack. However, the insurance company DB Insurance Co. refused to meet her demands.

Although the insurer did not comment on the situation, WSJ managed to contact Yapian, the operator of the Youbit exchange. It said that DB Insurance accused them that they were in a hurry to get insurance and did not provide important information at the time of discussing the terms of insurance.

In the meantime, the investigation continues into two hackings of the Youbit exchange and the possible involvement of North Korean hackers. WSJ reports that the process is in the initial stages, and the investigation did not go beyond the stage of studying the malicious software used to carry out attacks.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   125

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.