0161 215 3700
0800 458 4545
0800 230 0032
0161 215 3711
Fast Chat

Welcome to UKFast, do you have a question? Our hosting experts have the answers.

Sarah Wilson UKFast | Account Manager

Cyber Attack Halts Bitcoin Trades

Cyber Attack Halts Bitcoin Trades

Bitstamp - one of the world's largest Bitcoin exchanges - has this week come under cyber-attack.

The firm, based in Slovenia, said the culprits had exploited a bug in the virtual currency's underlying software, and as a result, halted withdrawals.

Gavin Anderson, Chief Scientist at the Bitcoin Foundation, said: "This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming.

"It's important to note that DoS attacks do not affect people's Bitcoin wallets or funds."

The Foundation has also said they are working collectively and collaboratively to try and resolve the problem, and allow withdrawals to return to normal.

print this article

Return to internet news headlines
View Internet News Archive

Share with: