BitMarket Executive Sheds Light On Why The Exchange Went Offline Overnight, Losing 600 Bitcoins
- Marcin Aszkiełowicza, a Director working for Bitmarket recently revealed that hackers were able to steal over 600 bitcoins from the firm a couple of years ago.
- At the time, the people running the exchange allegedly left a prominent loophole in the platforms’s central framework go unchecked — as a result of which BitMarket’s security protocols were heavily compromised.
In another case of a crypto exchange being shut down by the activities of a few miscreants, BitMarket, a Polish digital asset trading platform recently went offline after a group of hackers broke into the exchange’s mainframe and rendered the website useless. Not only that, the group also left a cryptic message in which they stated that following the attack, the trading platform would be shut down completely (primarily because of a lack of liquidity.)
In regards to the matter, BitMarket executive Marcin Aszkiełowicza, released a statement in which he pointed out that the exchange was hacked a couple of years ago (in 2017 ) as a result of which “several users ended up losing more than 600 BTC.”
He then went on to blame the hack on the people who were running the exchange at the time. On the subject, he was quoted as saying:
“The persons actually managing the stock exchange at the time, being aware of this immensely difficult situation, left me alone with the problem of a huge deficit. For the last 2 years I have been doing everything with the whole team to bring the company out of this stalemate.”
Bitcoin’s recent price rally has forced BitMarket to be faced with insane liquidity problems.
Not only that, this issue has also forced hundreds of the company’s clients to face certain operational problems when carrying out their day to day transactions on the cryptocurrency exchange.