Bitcoin exchange, Bitstamp, resumes its trading activities today.
In a shocking turn of events, a leading Bitcoin exchange site, Bitstamp, was hacked last week, resulting in the theft of approximately 19,000 Bitcoins. The specific identity of the attackers remains unknown.
Despite the theft, Bitstamp has managed to contain the damage and ensure the safety of its users' assets. All coins that were in a customer's account prior to the hacking incident are still present and can be transferred away if desired. Users can continue trading Bitcoins through the Bitstamp platform today.
The total cost of the theft is approximately $5.2 million. This incident has had a better outcome compared to most other exchange site hacks, as the platform did not close down after the loss of coins. Bitstamp has announced that normal operations can continue today.
Prior to the hack, Bitstamp had claimed an impenetrable system, a statement that has proven to be invalid in light of the recent events. In response, Bitstamp has increased security levels to prevent any future incidents. New wallet addresses have been created for all users to transfer Bitcoins safely.
Bitstamp has also covered the loss of all Bitcoins resulting from the theft, except for those deposited after seeing a warning message. This means that any coins deposited after the warning were not affected by the hack.
While the incident is a significant setback for Bitstamp, the platform's quick response and commitment to user safety have been commendable. Bitstamp customers can log in to their accounts later today and continue trading as usual.
