Canada’s largest Bitcoin exchange goes dark after hack

Another day, another Bitcoin exchange going dark. The most recent case comes from Canada where the country’s largest Bitcoin exchange, Cavirtex, has warned users that it may have suffered a security breach and will be ceasing all operations until the issues can be resolved. The good news, however, is that nothing was actually stolen.

Canadian Bitcoin exchange Cavirtex has announced that it may have suffered a security breach and is shutting down its operations shortly. The Calgary-based company says it believes an older version of its database, including two-factor authentication secrets and hashed passwords, may have been compromised on February 15. While the company says it hasn’t lost any of its reserves, it feels “the damage to [its] reputation caused by the potential compromise will significantly harm [its] ability to continue to operate successfully. The company adds that while the breached database didn’t contain identity documents, it cannot guarantee that login details were not leaked. In its public statement, it urges customers to change their passwords immediately.

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Written by Carl Durrek

Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

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