Bitstamp issues statement and temporarily suspends service

[sneak]

https://www.bitstamp.net

BITSTAMP SERVICE TEMPORARILY SUSPENDED

We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015.
As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.

IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED!

Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.

Bitstamp Team

[flipstyle]

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

[BldSwtTrs]

2015 is so 2014.

[BitCoinNutJob]

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

[gondel]

this is so 2000 and lame

[flipstyle]

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

The fact of the matter is...regardless how 'bad' this situation really is...it shows that bitcoin money is safe nowhere.  Exchanges can basically take your money and run at any instant and claim they were hacked...with no repurcussions or explicit proof.  If that isn't enough to scare away any potential future adopters, I don't know what is.

Having lost various amounts at cryptorush and coinex...hearing stories like this don't even phase me...it's just another broken record that you basically expect.



Addtionally...anyone ever notice how these exchanges just so happen to conveniently go bust right when bitcoin is experiencing huge price volatility (either good or bad).  It's like the scammers don't even really care about hiding their motives anymore, because they know they can get away scotch free.

[BitCoinNutJob]

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

The fact of the matter is...regardless how 'bad' this situation really is...it shows that bitcoin money is safe nowhere.  Exchanges can basically take your money and run at any instant and claim they were hacked...with no repurcussions or explicit proof.  If that isn't enough to scare away any potential future adopters, I don't know what is.

Yes its a real problem and it makes an advert for regulation and bitcoin banks.  We need safe simple wallets and exchanges.

[MyLucky7]

Mtgox again?  

January is a bad month for Bitcoin

[Palmdetroit]

This have something to do with recent BTC price?  I'm guessing yes.

[flipstyle]

This have something to do with recent BTC price?  I'm guessing yes.

Want to guess who's been dumping

Bitstamp CEO probably on an extended vacation in his newly acquired island mansion in Dubai.

[Mellnik]

Mtgox again?  

January is a bad month for Bitcoin

No, not Mtgox again. Mtgox lost all bitcoins whereas Bitstamp states cold storaged coins are fine.
So either you can't read or you don't trust Bistamp.

[Come-from-Beyond]

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

Your post is not very entertaining. I want a better conspiracy theory, like "they tried to stop plummeting Bitcoin price with money they didn't have".

[dserrano5]

No, not Mtgox again. Mtgox lost all bitcoins whereas Bitstamp states cold storaged coins are fine.

I also think this isn't gox 2 but remember, all gox cold storage coins were "safe" too.

[mayax]

Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course  

There are rumors that their bank account is closing too.

[mayax]

Mtgox again?  

January is a bad month for Bitcoin

No, not Mtgox again. Mtgox lost all bitcoins whereas Bitstamp states cold storaged coins are fine.
So either you can't read or you don't trust Bistamp.

Do you trust them? Remember that MtGox said the same in the first instance.

Maybe it's a "small" incident and everything will be cool or maybe not...

[pawel7777]

Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course  

There are rumors that their bank account is closing too.

So what is the 'huge profit' they made? Source?

Their latest filed accounts (for 2013) doesn't show P&L as they qualified as small company, but their P&L reserve was at $0.8m, impressive for a start up, but far from 'huge'.


Here's the coindesk article on the recent events:

http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/

[Denker]

Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course  

There are rumors that their bank account is closing too.

Any sources to proove this or just speculation?
I never trust any exchange. After gox everyone should have realized to store his coins in a cold wallet.At least not on an exchange account.

[mayax]

Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course  

There are rumors that their bank account is closing too.

So what is the 'huge profit' they made? Source?

Their latest filed accounts (for 2013) doesn't show P&L as they qualified as small company, but their P&L reserve was at $0.8m, impressive for a start up, but far from 'huge'.


Here's the coindesk article on the recent events:

http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/

whose is reporting the whole profit?  there is no company is this world to do that. they will pay taxes. remember, BitStamp is one of the biggest exchangers.

also, look to the amount of the transactions they had last year and look to their fees. it's pretty easy to make a summary calculation.

[pawel7777]

whose is reporting the whole profit?  there is no company is this world to do that. they will pay taxes. remember, BitStamp is one of the biggest exchangers.

Every registered company does.
Are you accusing them of hiding the profit? Tax evasion? If so - anything to support such statement?

also, look to the amount of the transactions they had last year and look to their fees. it's pretty easy to make a summary calculation.

Then do it.

If you run your 'summary calculation', all you'll get is their turnover (still won't be accurate) but definitely not their 'profit'.

[coinits]

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

The fact of the matter is...regardless how 'bad' this situation really is...it shows that bitcoin money is safe nowhere.  Exchanges can basically take your money and run at any instant and claim they were hacked...with no repurcussions or explicit proof.  If that isn't enough to scare away any potential future adopters, I don't know what is.

Yes its a real problem and it makes an advert for regulation and bitcoin banks.  We need safe simple wallets and exchanges.

No; we need Automated Transactions and Smart Contracts to put all exchanges out of business.