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Bitstamp to resume trading later on Friday

Last Updated March 4, 2021 4:42 PM
Giulio Prisco
Last Updated March 4, 2021 4:42 PM

BitstampBitstamp, one of the largest exchanges for the digital Bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday, Reuters reports .

Damijan Merlak, one of Bitstamp’s two Slovenian founders, told Reuters in an emailed message on Friday:

“Trading will resume during the day today.”

On Wednesday, Bitstamp had said it expected that trading could resume within 24 hours and added that customers would not lose money because of the breach and that security would be increased.

The next day Bitstamp stated that they were testing a duplicate of their entire infrastructure in San Francisco and planned to resume their operations in the next 24-48 hours.

Also read: Bitstamp Testing Redeployment in San Francisco, Relaunch in 24-48 Hours

Bitstamp temporarily suspended service as a result of a Bitcoin wallet breach. Bitstamp CEO Nejc Kodrič confirmed in a statement that “less than 19,000 BTC” was stolen due to a Bitstamp operational wallet being compromised.

At this moment the Bitstamp website states :

“We appreciate customers’ patience during this disruption of services. 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. Customers can stay informed via updates on our website.”

The last two tweets  from Bitstamp CEO Nejc Kodrič say:

“Working alongside the team from San Francisco, progress towards redeployment is strong. Huge thank you [for] your confidence and patience. [W]as sorry to miss interacting at CES this week. Our team is all hands on deck focused on the immediate needs of redeploying our site.”

Images from Bitstamp and Shutterstock.