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.