Digital currency exchange BTER announced that it has lost 7,170 bitcoins, or roughly $1.75 million at press time, in an apparent hack on its cold wallet system.
In a statement posted to the China-based exchange's website, the company declared it had closed down its platform inside of the wake of the attack and that withdrawals for user balances "will be arranged later".
A separate post on Chinese interpersonal networking platform Weibo from BTER claimed that it was working with law enforcement officials on the matter.
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