Bitcoin Exchange Flexcoin Wiped Out By Theft

mrspoonsi writes "Joining MtGox, Flexcoin today announced they have had their vault wiped out, to the tune of some 896 BTC (about $615,000) by hackers. 'On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu [and] 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6. As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.'"

How much can be stolen until it's all gone?

[Anonymous Coward]

"Wow, we just got 896 bitcoins"
"yup but because we did the value is now $2"

hmmm....

[Connie_Lingus]

im don't claim to be sherlock holmes, but im pretty sure im detecting a pattern here...

Fuck

[PvtVoid]

Somebody stole a bunch of tulip bulbs!

Re:Unregulated currency

[jythie]

but.... but... the market fixes everything! If consumers just vote with their wallets we do not need regulation in order to have dependable banks, right?

Re:Unregulated currency

[Mr2cents]

Nobody knocks off Flexcoin [youtube.com]

Re:From the FAQ

[Anonymous Coward]

an imaginary friend ?

Dear Respected One

[suman28]

GREETINGS, Permit me to inform you of my desire of going into business relationship with you. I got your contact from the International web site directory. I prayed over it and selected your name among other names due to it's esteeming nature and the recommendations given to me as a reputable and trust worthy person I can do business with and by the recommendations I must not hesitate to confide in you for this simple and sincere business. I am Wumi Abdul; the only Daughter of late Mr and Mrs George Abdul. My father was a very wealthy cocoa merchant in Abidjan,the economic capital of Ivory Coast before he was poisoned to death by his business associates on one of their outing to discus on a business deal. If you send us your bitcoins now to our highly encrypted, uncreacable account, we will 1) Keep it safe from hackers 2) Wire you the equivalent USD to a bank account of your choosing We are willing to offer you 15% of the sum as compensation for effort input after the successful transfer of this fund to your designate account overseas. please feel free to contact ,me via this email address [e-mail]

Re:surprised!!!!

[gbjbaanb]

Could it be alien space monkeys trying to destabilize our currencies and use us for slaves to harvest tasty bananas?

I for one, welcome our new shit-flinging monkey overlords. At least if I can tell the difference between them and our current political overlords, that is.

Hackers? Prove it.

[JDG1980]

One possibility is that the site was "hacked", as the operators claim.

The other possibility is that the operators decided that walking off with ~$600,000 worth of Bitcoins was easier and more profitable than continuing to run the site.

Since, apparently, no one knows who the operators are, and there has been no evidence of a hack released to the public, why should we believe that the first thing happened, and not the second?