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Bitcoin Bank Flexcoin Shuts Down After Hackers Emptied Hot Wallet

04
Mar
2014

Six hours ago, Flexcoin, the Bitcoin bank, announced shutting its doors. The decision comes after hackers breached the service and stole all the Bitcoins from the hot wallet.

According to a notice posted on the Flexcoin website, the attackers stole close to 900 Bitcoins, transferring them into two addresses. The stolen Bitcoins are currently worth over $600,000 (442,000).

The company says its shutting down because it doesnt have the resources…

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