From Boom to Bust: How Cryptsy’s Troubles Reflect Broader Trends in Crypto Exchanges

Cryptsy is one of the largest exchanges for Bitcoin and other cryptocurrencies. It also trades in other currencies, including several new ones that have grown in popularity recently. It is a crypto-to-crypto exchange and does not accept fiat currency. In July 2014, a hacker stole 13,000 BTC and 300,000 LTC from the company’s cold wallets….

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