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

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

BitstampYesterday Bitstamp co-founder Damijan Merlak said that the Bitstamp is testing a duplicate of their entire infrastructure in San Francisco and plans to resume its operations in the next 24 hours. Recent tweets from Bitstamp CEO Nejc Kodrič reassure customers and promise an operational redeployment in one to two days.

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

Also read: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet

Tweet sent yesterday  by Kodrič:

“Due to circumstances I skipped my connecting flight and spend the night in NYC. I am flying to Vegas today to attend CES.”

The picture above, shared on Imgur by CES attendees, shows the Bitstamp booth empty while all members of the Bitstamp team are busy restoring service to their customers. That shows leadership and a clear sense of priorities.

Tweet sent nine hours ago  by Kodrič:

“Our redeployment is up internally and is being filled with backup data for testing. Relaunch ETA ~24-48h. Thank you for your patience!”

As a Bitstamp user, I am impressed by the reaction of Bitstamp so far.

The Bitstamp website still states:

“We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full. [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.”

Images from Bitstamp and CES.