Another Bitcoin exchange bites the dust
DARREN MCCOLLESTER/Getty Images
Let's hope the Winklevoss twins have a backup plan.
Canadian-based Bitcoin exchange Flexcoin shuttered on Tuesday, after hackers stole about $600,000 worth of the digital currency in a Sunday theft.
Flexcoin's losses are a drop in the bucket compared to last month's similar hack of Japan-based exchange Mt. Gox, which lost millions of dollars' worth of the currency and subsequently declared bankruptcy. Still, such vulnerabilities in the exchanges' systems are more ammo for opponents of Bitcoin, who point to the currency's role in criminal activities such as the now-defunct Silk Road drug marketplace.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read



