Dylan Love
March 4, 2014

Flexcoin, which billed itself as a “Bitcoin bank,” has shut down after the theft of 896 Bitcoins, which were worth roughly $622,000.

This is just one more instance of a Bitcoin company having to shutter its doors in recent weeks. Mt. Gox was certainly the loudest to go, even seeing protests in front of its Japan headquarters.

But a string of Bitcoin-related companies closing up shop doesn’t mean Bitcoin is dead.

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