Bitstamp Back Online, But Did Bitcoin Traders Return?
Following the 5th January announcement that it was suffering a "hot wallet issue" later determined to be the work of malicious actors, Bitstamp spent much of the last week offline, temporarily closing what had been among the top three exchanges for BTC/USD trading. The unexpected news set off a flurry of concerns that, less than one year after the demise of then-leading USD/BTC exchange Mt Gox, history could be repeating itself, and that Bitstamp may be the latest bitcoin exchange to close its doors due to a high-profile hack. By 9th January, however, Bitstamp indicated it would resume....
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Slovenian Bitcoin Exchange Bitstamp is now back online with better security than ever. Bitstamp made waves in the mainstream media over the last several days when it went offline after a confirmed hot wallet breach. Everything started four days ago when Bitstamp informed users that it was no longer honoring deposits made to old deposit addresses due to the wallet breach. Soon after, Bitstamp took their entire website down to rebuild security from the bottom up. Bitstamp reminded the public multiple times that "Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by....
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....
In the traditional financial world, there are more questions than answers to be found right now. Various markets are on a steep downhill trend, and there seems to be no improvement in sight. As a result, there is a lot of fear and panic to be found among traders. Meanwhile, the Royal Bank of Scotland appears to have thrown gasoline on the raging fire by....
Bitstamp, one of the oldest bitcoin exchange, has taken a somewhat unique step in offering ordinary investors equity with the aim of raising $1.2 million in return for 2% equity. Vasja Zupan, Chief Operating Officer at Bitstamp, told CCN: As Bitstamp has invested heavily to be fully licensed we are now focused on growth and product development. We see opportunity to get to the next level by relatively small investment. This investment need is probably too small for an established VC fund. Therefore we decided to invite qualifying investors to take a stake in Bitstamp on the....
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,....