Bitcoin Bank to close after $600,000 Bitcoin theft
Victoria Hewitt-Marsh, News Editor
5 Mar 2014, 11:22 a.m.
Bitcoin storage company Flexcoin announced their intention to close after criminals hacked into the company’s hot wallets stealing $600,000 worth of Bitcoins.
The company has confirmed the theft and closure on its website, “as Flexcoin does not have the resources, assets or otherwise to come back from this loss, we are closing our doors immediately".
Flexcoin has assured coin owners they can retrieve coins held within Flexcoin cold storage accounts as long as they can provide the necessary identification.