Europe’s largest Bitcoin Exchange Got Hacked

CNN Money reported that Bitstamp, the largest Bitcoin exchange in Europe was hacked. The take was over $5million. The exchange says that most of their reserves are held offline in secure storage systems.

From the article:

Cyber thieves have run off with about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on Jan 4.

Bitstamp told customers not to make any deposits as it works with authorities to find the culprits.

The firm said the breach accounts for only a fraction of its total reserves, with most held in secure offline storage systems. All balances held prior to the suspension would be repaid in full, it said.