The virtual currency exchange Youbit, who declared bankruptcy twice, turned to a merger with another corporation instead of bankruptcy. Youbit said that he will vote for investors by the end of last year and will decide the future soon.

On December 31, Youbit presented investors with three options, including bankruptcy, regeneration, and mergers and acquisitions. As a result, most of the opinions about merger and acquisition were found.

"The survey shows that about 97 % of the members agree to the merger," said Youbit. "We still have a few days to spare, He added, "In early January, we will work with the legal team to start the merger and acquisition with the legal entity, and we will arrange legal issues."

Previously, Youbit lost 17% of its assets due to hacking last December. In April of last year, it hacked a bit coin of 5.5 billion won. Because of this, Youbit decided that the survival of the reader is no longer possible, and declared bankruptcy.

However, Yubit is still generating profits, and there are discussions about mergers and acquisitions as they are exploring the possibility of acquiring Yubit at some of the companies considering opening a new virtual money market.

As a result of the final vote, if mergers and acquisitions are finalized, Youbit`s deposit and withdrawal and transaction services will resume. Investors are expected to receive the principal for a certain period of time.

In the case of bankruptcy, it takes approximately 1 ~ 3 years for the investors to withdraw the amount of money after all the legal proceedings have been completed. In the case of bankruptcy, but, even if Youbit continues its business activities through mergers and acquisitions, considering that the regulations are being tightened in the virtual money industry at present, it is unclear whether the transaction will be as active as in the past. Do.

Kim Jin-hwa, co-president of the Korea Block Chain Association, said, "Even if Youbit decides to take over the merger, investor remedy measures and police investigation should be done first." Even if the merger becomes a merger, it will not accept it as a member company. " Kim Bong-jin, a lawyer at the Ministry of Justice, said, "Currently, we are proposing a bill related to the closing of the virtual money market and are coordinating with related ministries." It is the company`s choice to choose bankruptcy, regeneration and merger and acquisition under the current law. After that, we will be subject to Youbit related laws. "

By Kim Min Soo minsu@


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