Bitcoin bank Flexcoin pulls plug after cyber-robbers nick $610,000

Yet another Bitcoin institution has had its coffers drained by hackers and will be forced to shut down as a result.

Self-termed “Bitcoin bank” Flexcoin has told its customers that the theft of its Bitcoins, valued at $610,000 (£366,000), has driven the company over a cliff. Effective immediately, the site said it will be shutting down and suspending its service.