Flexcoin robbed and shut down

[Vertex]

http://gizmodo.com/bitcoin-bank-flexcoin-shuts-down-after-620-000-heist-1535960407

So what are the repercussions of staging a bit coin robbery? The people that run the "bank" aren't interested or able to hunt the perps down, hell it was probably another inside job. And why wouldn't they steal what ever they want?

Oops, we got hacked! Your coins are gone, sucks to be you. Cya.

 

[CenFlo]

The two addresses that received the "stolen" coins:

1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu

1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6

You can check the transactions at blockchain.info

 

[peilthetraveler]

The two addresses that received the "stolen" coins:

1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu

1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6

You can check the transactions at blockchain.info

Alot of the transaction seem to end up at this crossroads. https://blockchain.info/de/address/1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

There is a hell of a lot of transaction there. Currently 200 bitcoins at a time are being transferred there right now. Over 85,000 bitcoins received so far.

 

[Bac0n]

Until regulations come this coins are a paradise for scammers , careful with
new coming out coins.

 

[FireWalker]

Until regulations come this coins are a paradise for scammers , careful with
new coming out coins.

Regulations are prone to abuse too.

What's really needed is a well-financed company to secure and safeguard your digital currency. Note that Flexcoin did not lose its Bitcoins in cold storage.

 

[CenFlo]

Regulations are prone to abuse too.

What's really needed is a well-financed company to secure and safeguard your digital currency. Note that Flexcoin did not lose its Bitcoins in cold storage.

I remember way back in the day the joke (although it was actually true...) was the only way to secure a Microsoft NT workstation was to remove the network card from the PC.