Ben D. Kritz
Ben D. Kritz

Last week, the China-based virtual currency exchange Bter announced that it had lost 7,170 bitcoins to a hacking theft. The heist, which was worth about $1.75 million in actual money, was the second such major loss for a bitcoin exchange so far this year; last month, electronic bandits relieved the Slovenian exchange Bitstamp of about $5 million worth of bitcoins.

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