Bitstamp Confirms: $5 Million Bitcoin Breach

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NEW YORK (InsideBitcoins) — Bitstamp CEO Nejc Kodrič has confirmed to Inside Bitcoins: “less than 19,000 bitcoins” were stolen late Sunday evening from the bitcoin exchange. The market value of the theft would be over $5 million at the time of publication.

“Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC.”

In a statement, Kodrič said:

“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.

“On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.

Nejc-Kodric“This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are are held in secure offline cold storage systems.

“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.

“We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at support@bitstamp.net.”

When pressed for further details on the matter, a spokeswoman said Kodrič was “unavailable to speak.”

 

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