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Authorities in Canada have begun to look into the demise of bitcoin bank Flexcoin, after the digital currency platform was hacked out of all of its bitcoins. The theft caused the bitcoin bank to lose $600,000 worth of bitcoins. Flexcoin, based out of Edmonton, Alberta Canada,...

Bitcoin Theft Security weaknesses in bitcoin transaction sites Poloniex and Flexcoin were discovered by hackers, leading to a string of bitcoin thefts. The stolen bitcoins cost Poloniex users 12.3% of their bitcoins, and Flexcoin was forced to shut down its operations. Flexcoin,...

Bitcoin Bank Closes After Hacked After a hack attack this past Sunady, bitcoin bank Flexcoin was forced to close its doors. Hackers stole 896 bitcoins, worth £365,000. On Tuesday morning, the company shut down its website and posted the following statement: “On March 2nd...