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Another day, another Bitcoin burglary as Bitcash.cz goes titsup

Czech site shuttered after raid leaves 4,000 out of pocket, but irrational exuberance persists

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Bitcoin's again in the spotlight after another repository for the crypto-currency was burgled, then shuttered.

Czech site bitcash.cz/, once home to over 4,000 Bitcoin wallets, is now offering nothing more than the following text:

“Server Bitcash.cz was attacked by hackers. On 11.11. in the evening was broken by server security and thefts Bitcoin wallet. Unfortunately, the nightmare became reality. Addresses the attack, security and what we can take away. We will keep you informed.”

The site's Facebook page doesn't offer much more than that, other than an exhortation that users should take any emails they receive about the issue with big chunks of salt.

The incident is the third high-profile Bitcoin burglary in recent days. First Australian Bitcoin trader “Trade Fortress” reported a million-dollar heist. Yesterday news emerged that Chinese Bitcoin exchnage GBL had disappeared, taking with it several million dollars worth of Bitcoin.

One might think that money evaporating into the ether would be bad for bitcoin, but exchange MtGox's exchange rate between the US dollar and the crypto-currency has actually improved in Bitcoin's favour over the last week. ®

The smart choice: opportunity from uncertainty

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