Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet
Bitstamp CEO Nejc Kodrič has confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. CCN has previously reported on this Bitcoin wallet, which seems to hold 18,866 BTC that was clearly siphoned away from Bitstamp hot wallets during the alleged timeframe of the Bitstamp hack. Notably, Kodrič does not use the word "hack" in any of his statements to reassure users that their personal information is safe. It could also lend credence to Jackson Palmer's theory that a weak RNG attack is responsible for the lost funds; though,....
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A bitcoin address containing ~18,866 bitcoins may hold the stolen bitcoins from the Bitstamp hack on January 4th. Bitstamp confirmed last night that "we have reason to believe that one of Bitstamp's operational wallets was compromised on January 4th, 2015." According to data maintained by Bitstamp users keeping an eye on the public Bitcoin blockchain, Bitstamp may have been "hacked" for 12% of its bitcoins. UPDATE: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet. Bitstamp has repeatedly reminded its users, who are currently locked out of the site,....
Bitstamp co-founder Damijan Merlak said that Bitstamp plans to resume its operations in the next 24 hours. Bitstamp service was temporarily suspended service as a result of a Bitcoin wallet breach. Bitstamp CEO Nejc Kodrič confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. Also read: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet. At this moment the Bitstamp website states: "We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins....
Bitstamp recently came out that their hot wallet was hacked causing them to lose ~18,866 BTC (~$5 MILLION USD). This incident is bad for the exchange as well as for Bitcoin. What many do not think about is how it can cause issues for other companies. One company that reacted quickly to the situation is BitPay, the largest Bitcoin merchant processor now sponsoring the Bitcoin Bowl. As a company that processes a large volume of Bitcoin transactions for clients, they need timely and accurate exchange rate info. BitPay CFO Bryan Krohn posted on BitPay's blog reporting how they get their....
Yesterday Bitstamp co-founder Damijan Merlak said that the Bitstamp is testing a duplicate of their entire infrastructure in San Francisco and plans to resume its operations in the next 24 hours. Recent tweets from Bitstamp CEO Nejc Kodrič reassure customers and promise an operational redeployment in one to two days. Bitstamp service was temporarily suspended service as a result of a Bitcoin wallet breach. Kodrič confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. Also read: Bitcoin Exchange Bitstamp Confirms Loss of....
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week, Bitstamp was hacked, resulting in the loss of nearly 19,000 bitcoins, Josh Garza of GAW Miners and PayCoin challenged the Litecoin Association director to a public debate, the bitcoin price continued to fall, and more. Keep scrolling for this week's top stories. Bitstamp Temporarily Goes Offline Due to Wallet Breach. Early this week, popular bitcoin exchange Bitstamp halted withdrawals and deposits due to a wallet breach. The exchange....