Following a 620k dollars Bitcoin theft, another virtual currency major Flexcoin is reportedly discontinuing its services.
Flexcoin, a wallet and banking services announced that it will be unable to continue functioning after it lost 896 Bitcoins worth approximately 600,000 dollars to hackers.
According to the Verge, the attack emptied the service's hot wallet, where funds were kept for easy access, but the attack did not reach into the offline storage, and Flexcoin has promised to return those funds to customers as soon as possible.
Meanwhile, Flexcoin issued a statement saying that the company will attempt to work with law enforcement to trace the source of the hack.
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