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Canada’s Largest Bitcoin Exchange Shutting Down After Security Breach

Posted on the 18 February 2015 by Worldwide @thedomains


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

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