Bitcoin Exchange Bitstamp Hacked

On January 5, 2015, the leading bitcoin exchange Bitstamp announced that one of its operational wallets had been breached.

“As a security precaution against compromises, Bitstamp only maintains a small fraction of customer bitcoins in online systems,” the company said in a statement. “Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.”

In the meantime, Bitstamp asked all customers not to make deposits to previously issued bitcoin deposit addresses, and suspended its services pending an investigation of the breach. “We will return to service and amend our security measures as appropriate.”

In an update posted the following day, the company stated, “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.”

“This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems,” the company stated. “We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.”

Read the Full Article: Source – eSecurity Planet
http://www.esecurityplanet.com/network-security/bitcoin-exchange-bitstamp-hacked.html

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