Bitstamp reborn following temporary shut down

Monday 12 January 2015 08:56 CET | News

Bitstamp, a Bitcoin exchange, has resumed services after having gone offline following a damaging hot wallet attack worth 19,000 BTC (USD 5 million), reports.

In order to prevent a new attach, the company announced updates to the exchange service include a migration to Amazons AWS cloud infrastructure, new hardware systems and the integration of BitGos multi-signature wallet technology. Bitstamp is also offering commission-free trading to all of its customers until 17 January 2015.

Recently, Bitstamp reported a hot wallet issue, advising customers not to deposit Bitcoin to old addresses. Bitstamp said a number of wallets were compromised and, upon learning of the breach, the exchange issued warnings and started to suspend operations.

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Keywords: BitStamp, open, again, breach, fraud, attack, updates, offline, wallet, Bitcoin, cryptocurrency
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3