Norway-based cryptocurrency exchange Justcoin has announced that it will be shutting down, effective today. They cite their bank’s closure of their account and the refusal of Norwegian banks to host accounts for businesses dealing with digital currencies.
In addition to an e-mail notification, Justcoin tweeted and wrote on its blog: “Justcoin is shutting down. Affected users, check your email.” Users are urged to withdraw their funds by November 11.
Several weeks ago, Global Crypto News reported that the exchange suffered a theft of 32 million XRP and 54 million stellar (STR), cleaning out its entire STR hot wallet. At the time, the stash was worth about $300k. Based on today’s exchange rates, it’s worth about $240k.
The hacker reportedly exploited the partial payments feature of the two currencies. Ripple’s Monica Long says this feature is important since “it allows the person returning the funds to send…
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