Insurance Claim Denied

DB Insurance, one of the largest assets and casualty insurance companies in South Korea, rejected the request for 3 billion won ($ 280 million) by UBI operator Yapi on Thursday. local media

The insurer claimed that Yapian "violated the need for notice", for which the company must disclose important information before obtaining insurance, SOURCE https://news.bitcoin.com/hacked-cryptocurrency-exchange-youbit-re-emerges-amid-insurance-controversy/