Blog Archives

Some biggest bitcoin hacks and thefts of all times

Posted on 23rd July, 2017

For your pleasure, entertainment, and hopefully some information, I present below the wall of shame, starting with a less obvious and perhaps incorrect choice for the repugnant honor of the biggest bitcoin hack and theft of all time. Jed McCaleb, founder of Ripple (publicly announced he was to sell around one billion of them crashing […]

Forbes: Bitcoin’s “backbone” controlled by “two young Slovenians”

Posted on 26th June, 2014

It’s hardly a secret that one of the bitcoin community’s weakest links are its legacy exchanges. Less than six months ago, the failure of the then-biggest and best-known exchange, Mt.Gox, unleashed a tidal wave of negative coverage that still colors the public perception of digital currency. While a new generation of cryptocurrecy exchanges like Vault […]

Bitstamp passes audit from Bitcoin developer Mike Hearn

Posted on 27th May, 2014

Last week, Bitcoin developer Mike Hearn and Richard Muirhead of Firestartr subjected U.K.-based bitcoin exchange Bitstamp to a proof-of-reserve audit. Bitstamp is widely thought to be the largest bitcoin exchange in the world in terms of trading volume, and is under increasing scrutiny from investors to verify its deposits as bitcoin gains mainstream attention. According […]

Solved: November’s 194,993 BTC transaction was a Bitstamp audit

Posted on 10th March, 2014

Back in November, the Bitcoin community was electrified when at 194,993 BTC transaction was identified on the blockchain, representing about $147 million at the time. Since that time, speculation about what the shift was and why it happened has been rampant, with theories ranging from Richard Branson consolidating his newly revealed wallet to a return […]

Bitstamp announces withdrawals will resume today

Posted on 14th February, 2014

Earlier this week, citing the massive DDoS attack on Bitcoin infrastructure, Bitstamp halted all withdrawals from customer accounts. That freeze on customer accounts appears to be ending, as Bitstamp recently announced via Twitter and their website that they’ll be resuming withdrawal processing later today. Speaking with CoinDesk, Bitstamp CEO Nejc Kodrič says his team has […]

Bitstamp becomes the latest victim in DDoS attack

Posted on 12th February, 2014

Thanks to a prolonged distributed denial-of-service attack, Bitcoin exchange Bitstamp suspended withdrawals late Tuesday. The world’s third-largest Bitcoin exchange joins the long-troubled MtGox exchange in the fallout over the “transaction malleability” bug in the Bitcoin code. Speaking with Bloomberg News,’s chief security officer Andreas Antonopoulos characterized the DDoS attacks as “a nuisance” aimed at […]