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Major BITCOIN exchange Bitstamp hacked, USD 5 mn virtual currency stolen

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Major BITCOIN exchange Bitstamp on Monday announced that it has been hit by a hacking attack, leading to the theft of over USD 5 million in virtual currency.

As the consequence of the hacking, the company has frozen the user accounts, blocked deposits as well as other transactions and suspended the trading business while the investigation into the breach is on.

According to the Slovenia-based firm, the fraudsters had made off with 19,000 bitcoins a day before.

There is so far no clue about the hackers and how the theft happened, a source said adding that the probe is on.

According to the company, it is working with law enforcement to probe the cyber attack.

In his tweet, Bitstamp CEO Nejc Kodrič reassured the customers that his company will assume the liability for all the stolen bitcoins that were lost before warning about the hack was issued.

Assuring the customers of complete security and return into the normal business soon, spokesperson for Bitstamp CEO said, “We reassure all Bitstamp customers that their balances held before our temporary suspension of services will not be affected and will be completely honored.”

“We appreciate the customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment. We will be soon bringing this online. Meanwhile, the customers can stay informed through the updates on our website, on Twitter (@Bitstamp) and customer support center,” the company’s spokesperson said in a statement.

According to the investigators, they have come across a clue that shows a particular bitcoin address or destination for payments that has probably received a bitcoin deposit nearly equal to what thieves have stole from Bitstamp on Sunday.

 

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Filed Under: Financial News Tagged With: bitcoin, BITCOIN exchange Bitstamp, Bitcoin theft, Bitstamp hack, virtual currency theft

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