A second bitcoin exchange, Bitstamp, halts withdrawals

Wed Feb 12, 2014 4:32am IST

Mock Bitcoins are displayed on a table in an illustration picture taken in Berlin January 7, 2014. REUTERS/Pawel Kopczynski

Mock Bitcoins are displayed on a table in an illustration picture taken in Berlin January 7, 2014.

Credit: Reuters/Pawel Kopczynski

Related Topics

REUTERS - Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, on Tuesday said it had halted withdrawals on its platform after discovering "inconsistent results reported" by its bitcoin wallet, which it attributed to a denial-of-service attack.

Slovenia-based Bitstamp is now the second major bitcoin exchange to halt customer withdrawals in the past several days, rattling participants in the nascent market. Last Friday, Tokyo-based Mt. Gox halted withdrawals and has yet to restart them, a development that sent bitcoin prices spiraling lower.

In a statement posted Tuesday on its website, Bitstamp said withdrawals that failed on Monday and Tuesday would be canceled, and "the amounts added back to the customer account balances."

On Bitstamp's exchange, the bitcoin price was quoted at about $645, down about 6 percent on the day

(Reporting by Dan Burns; Editing by James Dalgleish)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

SpaceShipTwo Crash

Reuters Showcase

Hack Attack

Hack Attack

J.P. Morgan found hackers through breach of corporate event website - WSJ.  Full Article 

Fighting Back

Fighting Back

Samsung Elec seeks China comeback with first metallic smartphones.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay".  Full Article 

Glowing Flower

Glowing Flower

Video: Genetically altered glowing flower on display in Tokyo.  Video 

Cloud Solutions

Cloud Solutions

Tencent teams up with IBM to offer business software over the cloud.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage