World Economy

Bitstamp Suspends Service

Bitstamp Suspends ServiceBitstamp Suspends Service

Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after “some” of its “operational wallets were compromised” on Sunday, resulting in loss of about 19,000 bitcoins, Reuters said. The breach represented “a small fraction” of its total bitcoin reserve and the majority was held in secure offline cold storage systems, Bitstamp posted on its website on Tuesday. The Slovenia-based firm – which said on Monday it believed one of its operational wallets had been compromised – did not give further details on the breach. Bitstamp said it had notified all customers after learning of the breach, requesting them not to make any deposits to previously issued bitcoin deposit addresses.