The Bitstamp Crypto Exchange is Now Back Online

9 Jan
2015

bitstamp-back-online

After a few days being offline the hacked Bitcoin exchange Bitstamp is back online and the service operators claim to have significantly improved the security. The hack of the exchange that has apparently happened on January 4th some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19000 BTC. The exchange has promised that there will be no actual coins missing from the user accounts, so they are apparently going to cover the stolen coins. Below you can find the list of the improvements to the system now that it is back online and operational.

MULTI-SIG
With the integration of BitGo multi-sig technology, Bitstamp is now the first and only major bitcoin exchange to incorporate the industry’s best security practices available today.

COMPLETELY NEW HARDWARE INFRASTRUCTURE
The Bitstamp systems are running on 100% new hardware deployed from a completely secure backup of our code and data.

AMAZON WEB SERVICES
Bitstamp is now running on Amazon’s world-class AWS cloud infrastructure, architected to be one of the most secure and reliable cloud computing environments available.

COMMISSION-FREE TRADING
As a note of thanks to our loyal customers, all transactions conducted on Bitstamp through the end of the North American Bitcoin Conference – January 17th (at 11:59pm UTC) – will be commission-free.

The big question that remains now is if Bitstamp will be able to quickly return the positions it had prior to being hacked and being offline for a few days. So far the exchange apparently hasn’t lost the trust of many of the users, but still some of the people that used Bitstamp as a primary exchange could decide to move their coins and continue trading in another alternative exchange due to the downtime and may not resume using the service now that it is back online.



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