South Korean crypto-exchange Coinbin declared bankruptcy after it had found a shortage of 29.3 billion won. The website of the trading platform published a notice that Coinbin is forced to stop operations because of the growing debts and state regulation. According to CEO of the platform, the possibility of withdrawing funds in cryptocurrency and fiat has been suspended since February 20. Payments to users will be made in accordance with the procedures provided by law. CEO also noted that one of the employees had removed cryptocurrency keys from hundreds of wallets, containing bitcoins and more than 100 ETH. The fraudster acted intentionally, in order to assign digital assets in the amount equivalent to $26 million. |
