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

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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)

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