Europe’s leading bitcoin exchange, Bitstamp, has been forced to suspend operations after losing millions of dollars worth of the virtual currency due to an apparent hack, an incident that is likely to fuel concerns about security issues surrounding the nascent bitcoin industry.
Bitstamp, based in Slovenia and the UK, has halted withdrawals and advised customers not to make deposits following the security breach.
Bitstamp, considered the world’s third busiest exchange, said that less than 19,000 bitcoins — worth around $5m — had been lost after its “operational wallets” were compromised.
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