Bitcurex Forced to Shut Down After $1.5 million Theft

Bitcurex, one of Poland’s largest exchanges has shut shop after a reported 2300 BTC ($ 1.5 mln) theft. The polish exchange was one of the oldest in the country. Before the website of Bitcurex was taken down, a message was posted by the administrators in Polish which translated reads: “On 13.10.2016 as a result of third-party systems service www.bitcurex.com/ www.bitcurex.com damaged by external interference in automated data collection and processing of information. The consequence of these actions is the loss of part of the assets managed by bitcurex.com/dashcurex.com.” People were....

Bitcurex is back in business after thwarting a major hacking attack. Update: EUR trading is back as well. Last week, Poland's largest bitcoin exchange, Bitcurex, halted all trades to investigate a hacking attack. A malicious user attempted to obtain 19,000 BTC from the exchange with a fraudulent buy order. However, the site was shut down within 5 minutes of the buy order, and Bitcurex offered the following statement soon afterwards: Dear Users, We successfully blocked a hacking attack on Bitcurex, preventing mass theft of BTC funds of our users. Thanks to automatic safety procedures,....

Bitcurex has issued an official update stating: "We inform that Bitcurex PLN will be resumed tomorrow, on March 18 at 12:00. Bitcurex EUR will be resumed on thursday on March 20, also at 12:00." UPDATE (14th March, 17:37 GMT): Bitcurex official statement added. Poland's leading bitcoin exchange Bitcurex temporarily shut down its site today following a hack which targeted funds in its users' bitcoin wallets. The exchange's staff published a message on Facebook which stated that due "to an error and ongoing maintenance works" the platform had decided to "temporarily shut down [its] service".....

After last week's hacking attack forced the site to temporarily shut down, Polish bitcoin exchange Bitcurex resumed service on 18th March. The platform said the perpetrators did not manage to break its security measures and gain full access to its operational hot wallet. "Today, we launch trade in Polish zlotys, and on Thursday at 12:00 local time in euros to ensure our support team has sufficient capacity of handling bids in this important period," Filip Godecki, a representative of Bitcurex, told CoinDesk. As earlier reported, the exchange decided to temporarily close its site on 14th of....

While some Bitcoin community members see this as a “curtain call” for Bitcurex, that doesn't seem to be the case. It is true not alerting platform users is no proper way of conducting business in the financial sector. Whenever a Bitcoin exchange platform shuts down, it is never a pleasant feeling. Unfortunately, not all of these companies have the financial means to sustain their operations. For Bitcurex, it appears a restructuring is in order, as they posted an official statement explaining the situation. Apparently, a new investor has been found, and changes need to be made. Although the....