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TheDomains.com

Canada’s Largest Bitcoin Exchange Shutting Down After Security Breach

February 18, 2015 by Raymond Hackney

Bitcoins

The hits just keep coming in the exciting world of cryptocurrency, The Next Web is reporting thatCavirtex, the largest Canadian Bitcoin exchange is shutting down after a security breach. This adds on to $1.75 million worth of BTC stolen from Chinese exchange BTER last week. Bitstamp lost $5million in January. Cavirtex said it did not lose any customer funds and will be returning them.

Canadian Bitcoin exchange Cavirtex has announced that it may have suffered a security breach and is shutting down its operations shortly.

The Calgary-based company says it believes an older version of its database, including two-factor authentication secrets and hashed passwords, may have been compromised on February 15.

While the company says it hasn’t lost any of its reserves, it feels “the damage to [its] reputation caused by the potential compromise will significantly harm [its] ability to continue to operate successfully.

Read the full article on TNW

 

Filed Under: Bitcoin, Crypto Currency

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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