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Flexcoin

Bitcoin bank Flexcoin pulls plug after cyber-robbers nick $610,000

posted onMarch 6, 2014
by l33tdawg

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.