Digital currency exchange BTER announced that it has lost 7,170 bitcoins, or about $ 1.75 million at press time, in an obvious hack on its cold wallet system.

In a statement posted to the China-based exchange’s web site, the company said that it had actually closed down its platform in the wake of the attack and that withdrawals for user balances “will certainly be organized later on”.

Continue reading at CoinDesk


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