Canadian Bitcoin Exchange Closes Following Major Exploitation of Fundamental Security Flaw

CaVirtex, a Canadian bitcoin exchange, has stopped taking deposits following a critical security malfunction.

The exchange, which launched several bitcoin automatic teller machines across Canada, stated on its website last week that “we found reason to believe that an older version of our database, including 2FA secrets and hashed passwords, may have been compromised.”

“As a result of the potential compromise of our database we cannot be certain of the confidentiality of account credentials,” the Calgary-based company added, imploring customers to change their passwords.

CaVirtex is the latest company to succumb to bitcoin security issues.

Cavirtex had facilitated more than $100 million in bitcoin trading.