Flexcoin , notable for micturate bitcoin banking as loose as even banking , is no more . The ship’s company exclude its doors on Tuesday morning after hackersstole 896 bitcoins ( nearly $ 620,000 ) from its vaulton Sunday . And the most unsettling thing ? That was n’t even the only bitcoin heist last weekend .
To Flexcoin ’s credit , it was n’t entirely clean out by hackers . Hackers did pick out Flexcoin ’s live wallet , but an undisclosed turn of bitcoins in cold-blooded storage were untouched . “ Cold store ” simply means that the bitcoins were kept in computersnot link up to the net , an extra tier of protection for which customers give an extra 0.5 percent . Flexcoin will give those bitcoins back to customers . Those whose bitcoins were stolen are , well , they ’re shit out of luck because bitcoins are n’t cover like good ol’ greenbacks are in most banks .
If this sounds like a familiar fib , that ’s because it is . On Tuesday , another bitcoin firm call Polonix also admitted that hack bring out in andstole 12.5 per centum of its militia , though it plans on replenishing the lose ‘ coin itself . And who could forget the ill-famed implosion of Mt. Gox , the Japan - based bitcoin exchange that filed for bankruptcy last week and announced that $ 424 million worth of cryptocurrencywas lost and gone forever . Those just a couple of the major heists and boondoggles ona growing inclination of heists and boondoggles .
The 6 big Bitcoin Heists in History
But what do you expect . The burgeon bitcoin industryis famously precarious and vulnerable . Sure , it ’s an exciting idea for the interest of liberty and lawlessness and whatever ! It ’s just not the safest way of life to store your money right now , is all . [ The GuardianviaAngel Jimenez ]
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