Bitcoin Exchange Cointrader Shuts Down After Alleged Hack
Canada-based bitcoin exchange Cointrader announced earlier this week that it was shutting down following what it claimed was a debilitating hack. According to a notice posted to the service's website, the exchange has “closed its doors effective immediately”. Unconfirmed emails sent to users and shared on social media claim that an internal audit showed “a deficiency of bitcoin” in company wallets that was causing a delay in withdrawals. The email explained: “This issue is currently under investigation and it is our intention to have the balance of your account settled as soon as possible.....
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Canadian bitcoin exchange CoinTrader has shut down its operations. By the look of things, there is no indication that the exchange will resurface at a later time, either. CoinTrader, a Canadian bitcoin exchange that – in addition to its exchange platform – also has BTM ATM machines in London and Tokyo, along with point-of-sale systems called CoinZero has “closed its doors” with immediate effect. The home-page of the website simply reads: CoinTrader.net has closed its doors effective immediately. Customers with balances will be contacted by email, mail or telephone to settle your account.....
Newnote Financial, which is publicly traded (CSE: NEU. OTCQB: NWWTF. FSE: 1W4) on three international stock exchanges on two continents, has acquired Canadian Bitcoin exchange CoinTrader.net. In addition to its trading platform, CoinTrader has Bitcoin ATM machines in London and Tokyo, as well as a point-of-sale system called CoinZero. The deal was made for 1.5 million Canadian dollars in cash and stock, and was confirmed for CCN on Thursday morning. Also read: AllCrypt.com Bitcoin Exchange Goes Down. Founded almost two years ago by Vancouver group Bitcoiniacs, CoinTrader.net is the....
Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020. Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020.According to Livecoin’s main page, the exchange is unable to continue operations due to financial and technical damages caused by an alleged attack on its servers in late 2020. Livecoin announced the shutdown on Jan. 16 on Twitter, linking to its new domain “Livecoin.news.” Livecoin’s previous domain Livecoin.net is not available at publishing....
Bank of Montreal, the fourth-largest bank in Canada, has closed all Cointrader customer and corporate accounts, the Vancouver-based exchange revealed via blog post on 17th February. Most notably, Cointrader suggested that the decision is part of a broader move by Bank of Montreal to sever ties with all of the virtual currency businesses it serves. Cointrader CTO and co-founder Paul Szczesny said such a move would have a larger impact on the country's burgeoning bitcoin ecosystem, and blamed recent warnings from the Canadian government for the bank's decision. Said Szczesny: "It's a drastic....
Defunct cryptocurrency exchange BTER claims it doesn't have enough funds to reimburse all its users, following an alleged seven-figure hack. The Chinese exchange closed earlier this week, issuing a statement via its website that 7,170 BTC had disappeared from its offline wallet - around $1.75m at press time. Speaking to CoinDesk, a BTER spokesperson claimed CNY and USD withdrawals would resume within a week. However, the company said it is still exploring different options to make all its customers whole, including selling the platform. "Hopefully a qualified party (especially a trusted....