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Bitcoin exchange Cointrader shuts down following alleged hack

Thursday 31 March 2016 00:57 CET | News

Canada-based Bitcoin exchange Cointrader has shut down following what it claimed was a debilitating hack.

Unconfirmed emails sent to users and shared on social media claim that an internal audit showed a deficiency of Bitcoin in company wallets that was causing a delay in withdrawals.

The incident was not the exchanges first one, as in early 2014, Cointrader had its customer and corporate bank accounts shut down by the Bank of Montreal, its former banking partner.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, CoinTrader
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3