Korean cryptocurrency exchange to close after hacking

The exchange lost 17% of its total assets
19 December 2017   1262

Youbit, a South Korean cryptocurrency exchange, said on Tuesday it is shutting down and is filing for bankruptcy after it was hacked for the second time this year.

Youbit announced on its website that it had been hacked at 4:35 am local time on Tuesday, causing a loss worth 17% of its total assets. Youbit had been hacked once before in April when nearly 4,000 bitcoins were stolen in a cyber-attack that the country’s spy agency linked to North Korea.

The exchange did not specified the amount, but said all customers’ cryptocurrency assets will be marked down to 75% of its value, adding it has stopped trading and will work to minimize customer losses.

An official at Korea Internet & Security Agency (KISA), the state agency that responds to cyberattacks, said the police and KISA officials were starting an investigation into the hacking.

Trust Wallet to Add BTC & Bech32 Support

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks
10 December 2018   98

Binance owned and ERC-20 standard tokens oriented Trust Wallet, announced the start of Bitcoin support (BTC).

As stated in the company's blog post, Trust Wallet has become compatible with the SegWit protocol, allowing to send and receive funds to Bech32 native addresses (bc1).

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks.

Earlier Trust Wallet announced the start of support for TRON (TRX) tokens. The wallet also supports GoChain (GO), POA Network (POA), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET).

Recall Binance announced the purchase of Trust Wallet in July this year. The wallet is expected to become part of the upcoming release of the decentralized trading platform Binance.