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Hackers Steal $5M In Bitcoin During Bitstamp Exchange Attack
itwbennett writes: After a weekend hack forced the Bitcoin exchange Bitstamp to shut down, Bitstamp has revealed that $5 million worth of bitcoin was stolen during the attack. And that's not all the bad news for Bitcoin this week: Canadian Bitcoin exchange Vault of Satoshi announced it is is no longer accepting new deposits and will close Feb. 5. But in this case the operators are pursuing new business opportunities, saying in a post that the shutdown "has absolutely nothing to do with insolvency, stolen funds, or any other unfortunate scenario."
Circle and coinbase are regulated with Fincen, AML and KYC regulations, additionally they are insured. The "hack" exchange discussed here was also audited recently and had over 100% solvency unlike most banks and the stolen amount was just some of their pocket trading coins on their live server. I use traditional banks along with bitcoin banks because there are advantages to knowing when to leverage Bitcoin or Fiat.