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March 05, 2014 AT 12:54 PM
Bitcoin is going through a bit of a rough patch. Just over a week after Bitcoin exchange Mt. Gox filed for bankruptcy, Bitcoin bank Flexcoin shut down after hackers stole all of its digital currency. According to the bank, Hackers stole 896 bitcoins in an attack on Sunday. That's worth more than $580,000 based on bitcoin's current trading value. This has reportedly spurred the Japanese government to start outlining policies regulating the virtual currency.