A Plague Running through Bitcoin Exchanges

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A Plague Running through Bitcoin Exchanges

The Chinese New Year is not ending on a good note for Bitcoin exchanges. On Sunday, local exchange Bter reported a theft of around 7,170 BTC from their cold wallet. This particular event marked yet another black mark on the Bitcoin’s timeline, leading a $40 crash after weekend’s spike.

The affected Bitcoin exchange meanwhile announced a reward of 700 BTC to anyone who’ll help them recovering the stolen Bitcoins successfully. We cannot say how much this announcement would help Bter, but overall the company is under strict pressure from customers while their entire website is still down, including the fund withdrawal option.

Meanwhile, another Chinese exchange Huobi is also reporting issues on its trading platform. According to the available information, the exchange has lately suffered a DDoS attack due to which they had to temporarily suspend their deposit and withdrawals services. Latest reports are indicating that the services have been resumed after fixing the aforesaid issue.

Bitcoin Exchange HitBTC Also Facing Withdrawal Issues

In over the last 24 hours, popular Bitcoin exchange HitBTC has also reported to have been suffering from fund withdrawal problems. Its users have taken over the social media to convey their troubles in withdrawing funds from HitBTC hot wallets. Unlike Bter and Huobi, there have been no response from the company’s team regarding the matter.

UK Exchange Netagio Announced Shutdown

Another report coming from the UK is indicating that popular Bitcoin exchange Netagio has announced to shutdown its trading operations effective today. More about this can be read here.

Conclusion

Looks like some voodoo practice, but Bitcoin exchanges around the globe have indeed offered nothing but bad news, especially in last 24 hours. Hope these negative fundamentals won’t impact the Bitcoin value as a whole.