Tuesday, 4 March 2014

Flexcoin - another Bitcoin theft

After the Mt.GOx fiasco comes the Flexcoin news that it is shutting its doors.

It is becoming impossible to trust any Bitcoin exchange and this will undermine the share price.

Bitcoin mining is environmentally insane when you think about it - huge amounts of electricity spent do generate a number that happens to be worth something........ madness.

Bitcoin Site Shuts Down After Being Robbed Of Every Single Coin It Held Online [Business Insider]

This time Flexcoin — which called itself a Bitcoin bank — has announced that it's going out of business after a huge theft that has wiped it clean.

This is the announcement. There's no sugarcoating it. Somehow all the Bitcoins were just taken.

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