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Bitcoin exchange Paybase Monday has shutdown withdrawals from its users, causing a fury on Twitter and throughout their user base, as another exchange closure is feared. Paybase founder Josh Garza has been unavailable for comments, with many users claiming he blocks their account if pressed on this issue on Twitter.
“Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our customer cease depositing cryptocurrency to old deposits addresses. We are in the process of creating a new hot wallet and will advise within the next few hours. Although this incident is unfortunate, its scale is small and will be fully absorbed by the company. Thanks a lot for your patience and comprehension. Bitfinex Team.”
Bitstamp Claims $5 Million Lost in Hot Wallet Hack:http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/Bitstamp's Ongoing Outage Echoes Through Bitcoin Economy:http://www.coindesk.com/bitcoin-ecosystem-feels-far-reaching-effects-bitstamp-outage/
ICO rules changed. No more buy walls. Direct refund will be 100% if coin do not match stated parameters. New strict ending time rule.