Bitstamp says its users are now covered against a broad web of crime
Crypto needs insurance too. Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space."The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer fraud, and loss related to legal fees and expenses," an Oct. 15 statement from Bitstamp detailed with regard to the firm's updated insurance measures. Cryptocurrency offers added freedom when compared to traditional finance, allowing....
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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....
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,....
Bitcoin exchange Bitstamp has temporarily suspended service as a result of a confirmed Bitcoin wallet breach. Earlier today, Bitstamp started by taking unusually long to process bitcoin withdrawals. Later, Bitstamp also changed its Bitcoin deposit system and gave every user a new Bitcoin deposit address. Deposits made to old Bitstamp deposit addresses will "not be honored." Also read: Bitcoin Exchange Bitstamp Withdrawals and Deposits Stopped after Possible RNG Attack. Bitstamp Website Locks Out Users. Bitstamp users, who were using innovative methods such as Ripple to get their money out....
Accessing the Bitstamp website through a mobile browser does not seem to be triggering any warnings for now. Google Chrome usually warns users if they are visiting a site which can potentially harm their computer. However, that doesn't seem to be the case just yet. Several Reddit users are complaining about a malware warning when visiting the Bitstamp website. Bitstamp is one of the biggest Bitcoin exchanges in all of Europe. By the look of things, there is a specific Trojan warning detected by Windows Defender. For now, it is anybody’s guess where this warning comes from, and whether or....
The new policy means user funds are protected both on- and offline.