Exchange specializing in the virtual currency announces it's ceasing all trading operations and plans to return funds to its users.
Nearly a quarter million dollars worth of the peer-to-peer currency was stolen by accessing unencrypted backup wallet keys.
World's largest exchange serving the digital currency reports a "stronger than usual DDos" after lengthy suspension of operations.
The peer-to-peer currency, which has quadrupled in value in recent weeks, lost more than 60 percent of its value before a slight recovery.
Coinsetter hopes to capitalize on recent interest in the virtual money by creating a platform that will allow investors to short the currency, which has appreciated 1,500 percent since January.
The peer-to-peer virtual currency is up nearly 350 percent in the past two months, thanks largely to uncertainty in Europe's banking community.
The peer-to-peer currency's value has surged 50 percent in recent days, but an exchange outage and unrelated hack knocked its value down a bit.
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