30 Mar '16, 4pm

Bitcoin Exchange Cointrader Shuts Down After Alleged Hack

Canada-based bitcoin exchange Cointrader announced earlier this week that it was shutting down following what it claimed was a debilitating hack. According to a notice posted to the service's website , the exchange has "closed its doors effective immediately". 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 email explained: "This issue is currently under investigation and it is our intention to have the balance of your account settled as soon as possible. We sincerely apologize for this unfortunate inconvenience and will keep you posted on the progress of this issue. In the meantime, we have halted deposits, withdrawals and trading activity until this matter has been resolved." The closure follows months of low volume trading on the webs...

Full article: http://www.coindesk.com/bitcoin-exchange-cointrader-shuts...

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