Self-Described Bitcoin Bank Flexcoin Robbed of 896 BTC

Self-Described Bitcoin Bank Flexcoin Robbed of 896 BTC

Heard of Flexcoin? Neither have we. But an alleged theft on March 2nd at this self-described 'bitcoin bank' has sparked conversation in the bitcoin community on Tuesday. All told, about 896 BTC (worth over $600,000 USD) is gone, according to a statement published on the website's homepage. The company claims to be the first bitcoin bank, a supposed 'safe' place for the store of wealth, which many are learning first-hand is not the case. The theft has damaged Flexcoin's operations, and the service will be closing right away: "As Flexcoin does not have the resources, assets, or otherwise to....


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