Just a week after one of bitcoin's major exchanges, Mt.Gox, went offline—and then filed for bankruptcy—a bitcoin bank was forced to close after hackers stole 896 bitcoins, worth over $600,000.
The bitcoin bank Flexcoin posted a note on its site stating: "On March 2, 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. ... As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately."
The term "hot wallet" refers to bitcoins stored in an online wallet connected to the Internet.
(Via CNBC)
Mistake #1: buying a Bitcoin
ReplyDeleteMistake #2: storing the Bitcoin with a corporation that has no assets.
Only #2 is a mistake
DeleteMistake #3: having your Bitcoin stored anywhere near a computer since they are SO EASY to STEAL. Printing on Paper and burying in backyard is the safest but defeats the whole easy to use (steal) / instant thing and beware of water and insects. TOTAL PUMP AND DUMP SCAM!
DeleteWenzel won't publish my comments anymore. He is very sensitive about Bitcoin and is suppressing opposition on this site. My comments do not contain swears or defamation. If he publishes this one, it is only to pretend he isn't doing this.
ReplyDeletestop it Jerry
DeleteWhat the fuck are you talking about? His bitcoin commentary has been consistent and spot on.
DeleteHelp must have just frozen over...Jerry Wolfgang is right on both accounts.
ReplyDeleteIt had a quick thaw. Check out his clueless minimum wage comment on the Pizza Hut post.
DeleteForget bitcoin, check out Ultracoin instead. It doesn't depend on exchanges and solves many other problems to.
ReplyDeletehttp://ultra-coin.com/index.php/fund/discover/21-software-developement/1-ultracoin-the-future-of-money