Bitcoin Payment Solutions is the latest victim of hacking attacks against Bitcoin websites.
BIPS has temporarily shut down after hackers appear to have stolen Bitcoins worth more than $1 million (1200+ BTC).
The company says it will consider restoring its services with a new security model to prevent future attacks.
"All existing users will be asked to transfer their bitcoins to other services and we will contact users affected by the security breach," the company said in a press release.
This is the third security breach on a Bitcoin website this month. Earlier this month, hackers attacked the websites Bitcash.cz and Inputs.io and stole more than $1 in Bitcoins.
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