SEOUL—A major South Korean insurance company denied a claim by a cryptocurrency exchange that suffered a devastating cyberattack in December, the exchange operator said Thursday. That month, Seoul-based Youbit was hacked for the second time in eight months, losing an unspecified amount it said represented 17% of its total assets. Youbit’s operating company, Yapian Corp., filed a claim with DB Insurance Co., one of South Korea’s four biggest property-and-casualty insurers, under a policy that had taken effect just weeks before....

Source: Wall Street Journal March 29, 2018 11:48 UTC