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Topic: Bad news. Bitstamp trouble? Impact on price? (Read 2821 times)

hero member
Activity: 840
Merit: 524
Yes!
sr. member
Activity: 296
Merit: 250
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
Halt everything is N1 rule before investigation on hack threat

The first thing they would have to do is get an expert to take copies of all their server hard drives to stop new data overwriting old data that might be used as evidence.
hero member
Activity: 672
Merit: 500
not this address... https://www.bitstamp.net

plus mail from bistamp, which i got today:
Quote
Dear customer,

Today our transaction processing server detected problems with our hot wallet and stopped processing withdrawals.

You should STOP SENDING bitcoin deposits to your Bitstamp account IMMEDIATELY as private keys of your deposit address may be lost.

Your bitcoins already deposited with us are stored in a cold wallet and can not be affected.

We will send you more info as soon as possible.

Best regards,

Bitstamp team
hero member
Activity: 798
Merit: 1000
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are not deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
They want to manipulate the market by preventing panic sells.

Lower prices in the longer term aren't good for their revenues which are based on percentage fees.

Yup, BitStamp crash protection squad leaps into action !   Cheesy

That and possibly to stop people moving BTC off the exchange via Ripple ...

Quote
Bitstamp users, who were using innovative methods such as Ripple to get their money out of Bitstamp, are now unable to perform any actions on the Bitstamp site

https://www.cryptocoinsnews.com/wallet-breach-causes-bitcoin-exchange-bitstamp-to-temporarily-suspend-service/
legendary
Activity: 938
Merit: 1013
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
Halt everything is N1 rule before investigation on hack threat
jr. member
Activity: 52
Merit: 1

I thought u had some info, turns out only FUD  Undecided
legendary
Activity: 1267
Merit: 1000
legendary
Activity: 1232
Merit: 1005
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.


We are around 270 right now.

I bet it is due whale people with inside info of what is going on with stamp, that sold before everything went public
N12
donator
Activity: 1610
Merit: 1010
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.
Just like how bad news from MtGox didn't affect all the other exchanges during the years it existed. Cheesy Cheesy Cheesy
legendary
Activity: 924
Merit: 1000
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.
N12
donator
Activity: 1610
Merit: 1010
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are not deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
They want to manipulate the market by preventing panic sells.

Lower prices in the longer term aren't good for their revenues which are based on percentage fees.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
legendary
Activity: 1267
Merit: 1000
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

The chart is flatlined since 9:00 UTC (to present) at 276.8, indicating no trades:

https://bitcoinwisdom.com/markets/bitstamp/btcusd
legendary
Activity: 1064
Merit: 1001
I don't think as of now that Bitstamp really is screwed beyond repair. I'm still optimistic! I just hope they disable the pending orders before re-enabling the trading engine. I believe people may be tempted to sell their Bitcoins for FIAT in fear of not being able to get their BTC back!

Many were optimistic in the dawn of MtGox fuckpucinno.
hero member
Activity: 509
Merit: 500
Can't upload avatar
I'm not worried. Lets just wait until their official statement.

They better invite Roger Ver.

 Grin
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I'm not worried. Lets just wait until their official statement.

They better invite Roger Ver.
hero member
Activity: 988
Merit: 1000
I'm not worried. Lets just wait until their official statement.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
I don't think as of now that Bitstamp really is screwed beyond repair. I'm still optimistic! I just hope they disable the pending orders before re-enabling the trading engine. I believe people may be tempted to sell their Bitcoins for FIAT in fear of not being able to get their BTC back!
legendary
Activity: 1218
Merit: 1010
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


timestamp of the last trascaction -> 10:10.

bitstamp down from 10:12.
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