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May 11, 2012Crises & controversyFailures & lossesdocumented

Bitcoinica is hacked again

Attackers breached Bitcoinica’s production servers and removed 18,547 BTC from its online wallet.

The leveraged trading service halted operations and said legitimate balances would be honored. Coming shortly after the Linode loss, the breach deepened concern about the security and governance of custodial exchanges.