Bitcoin Bank Flexcoin to Close After $600k Bitcoin Theft
Alberta-based bitcoin storage specialist Flexcoin has announced that it will shut down following an attack and subsequent robbery that saw cybercriminals abscond with 896 BTC (roughly $600,000 at press time) stored in the company's hot wallets. Flexcoin, which styled itself as the "first bitcoin bank", though it was not legally such an entity, took to its homepage to announce the theft and closure. The statement reads: "As Flexcoin does not have the resources, assets or otherwise to come back from this loss, we are closing our doors immediately." Flexcoin also provided the wallet addresses....
Related News
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....
Flexcoin 'the Bitcoin Bank' Exchange shuts down after they lost 896 bitcoins from their hot wallet by hackers on Tuesday. After suffering such a huge loss, Flexcoin announced that they will be shutting their doors. All users who held accounts there are urged to contact them to extract bitcoins from their cold storage free of charge. Users who put their coins into cold storage will be contacted by Flexcoin and asked to verify their identity. Once identified, cold storage coins will be transferred out free of charge. Cold storage coins were held offline and not within reach of the attacker.....
Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.
According to the Financial Conduct Authority, Tesco Bank needs to refund unauthorised payments immediately. Banking woes can hit anyone in every country at any given time. Customers of Esto Bank have come to realize that fact, although there are dire consequences. Online payments for all account holders have been halted, and over 20,000 accounts are affected by an unspecified theft. Things aren’t looking all that good for these UK bank customers, to say the least. Not having access to banking services is bad enough, but losing money is never a fun experience. Over 20,000 Tesco Bank users....
A German man has shared his story about how he fell for the Elon Musk bitcoin giveaway scam. He lost 10 bitcoins to the scam, worth almost $600K at the current price. “I’d just thrown away the game changer for my family, my early retirement fund, and all the upcoming holidays with my kids,” he revealed. Fake Elon Musk Bitcoin Giveaway Scams Continue to Dupe Investors With the price of bitcoin repeatedly hitting record highs, Tesla investing $1.5 billion in the cryptocurrency, and Elon Musk’s various crypto tweets, there has been a rise in bitcoin giveaway scams....