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:
  • Most Popular
  • Most Shared

Sony Outlook

Tech Showcase

Internet Governance

Internet Governance

At China online coming-out party, Beijing spells out Internet control ambition  Full Article 

Tech Monopoly

Tech Monopoly

EU digital tsar warns monopolists; Google foes play down call for break-up  Full Article 

Tencent-HBO Deal

Tencent-HBO Deal

China's Tencent partners with HBO for TV show streaming  Full Article 

Samsung Investment

Samsung Investment

Samsung Electronics wins $3 billion Vietnam project licence  Full Article 

Microsoft sues IRS

Microsoft sues IRS

Microsoft sues IRS for details of probe on internal transactions  Full Article 

Cold Hard Facts

Cold Hard Facts

Underwater robot measures Antarctic sea ice  Full Article 

Net Neutrality

Net Neutrality

Digital tsar urges Europe not to weaken net neutrality rules  Full Article 

Reuters India Mobile

Reuters India Mobile

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