Economy

Another Bitcoin bank closes after high-tech heist

By Associated Press
Published March 5, 2014 5:00am ET
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Another Bitcoin bank closes after high-tech heist
Bitcoin trader Kolin Burges stands in protest outside an office building housing Mt. Gox in Tokyo, Wednesday, Feb. 26, 2014. Prominent bitcoin supporters said the apparent collapse of the Tokyo-based Mt. Gox exchange was an isolated case of mismanagement that will weed out "bad actors." But the setback raised serious questions about bitcoin's tenuous status and even more tenuous future. At least one supporter said the blow could be fatal to bitcoin's quest for acceptance by the public. (AP Photo/Shizuo Kambayashi) | Shizuo Kambayashi

SAN FRANCISCO — A bank specializing in bitcoins says it has closed after computer hackers robbed its digital currency.

The closure of the Flexcoin bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange.

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Associated Press Bitcoin Science and Technology