Bitcoin bank Flexcoin shuts down after theft

Posted online March 5, 2014 | 6:06 am

Bitcoin bank Flexcoin is closing down after it lost bitcoins worth about $600,000 to a hacker attack.

On Sunday, 896 bitcoins were stolen, according to a Reuters report.

"As Flexcoin does not have the resources, assets or otherwise to come back from this loss, we are closing our doors immediately," the company said.

Read more from Reuters.

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