Bitcoin bank Flexcoin pulls plug after cyber-robbers nick $610,000
Yet another Bitcoin institution has had its coffers drained by hackers and will be forced to shut down as a result.
Self-termed "Bitcoin bank" Flexcoin has told its customers that the theft of its Bitcoins, valued at $610,000 (£366,000), has driven the company over a cliff. Effective immediately, the site said it will be shutting down and suspending its service.
According to Flexcoin, the digital robbery occurred on March 2 when hackers were able to target and remove 895 BTC stored in the company's hot wallets. You can track the movement of the swiped crypto-currency from here and here. "As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately," the biz said.
