Bitcoin Exchange Hacked

Bitstamp issued a statement on its official website in which the company warned its users not to deposit any Bitcoin to previously issued addresses, so as to prevent further losses. While the investigation is going on, the company has frozen its user accounts, blocked deposits as well as other transactions and suspended the trading business. One of the biggest, reliable and most trusted  Bitstamp — on Monday announced that it has been a target of a hacking attack, which lead to the theft of "less than 19,000 BTC" (worth about $5 million in virtual currency; one BTC is about $270). The company reassured its users that the security breach only affected its "operational wallet," i.e. only "a small fraction of customer bitcoins" that were stored on internet-connected servers. After the Slovenian-based Bitcoin exchange suspected the security breach over the weekend that compromised one of Bitstamp’s operational and active bitcoin storage wallets, the exchange suspended its service for the time being. "We appreciate customers’ patience during this disruption of services," Bitstamp added in the notice. "We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days.However, it doesn’t mean that Bitcoin is completely losing ground. Microsoft began accepting the cryptocurrency for digital purchases from Windows, Windows Phone, Xbox Games, Xbox Music, and Xbox Video stores in the US last month. Bitstamp’s security breach is just another reminder for the exchanges that no digital assets are completely secured.
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Milan Tomic

Hi. I’m Designer of Blog Magic. I’m CEO/Founder of ThemeXpose. I’m Creative Art Director, Web Designer, UI/UX Designer, Interaction Designer, Industrial Designer, Web Developer, Business Enthusiast, StartUp Enthusiast, Speaker, Writer and Photographer. Inspired to make things looks better.

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