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.
Subscribe to 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.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.