coins Echo Trading at Polish Bitcurex Exchange Temporarily Disabled

Echo Trading at Polish Bitcurex Exchange Temporarily Disabled




Trading was stopped this morning at the Polish Bitcurex exchange, according to a number of user reports and an official announcement posted to the service’s Facebook page.

We are working on resuming our service. We would like to inform you that your funds are secure – current shutdown results from safety procedures. We will soon provide you with further, more detailed information.

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The move came just a while following a massive by on the exchange (being pegged at about 18,000 BTC), so there’s a possibility this has something to do with the trade halt. But as the company says, user funds are safe.

As expected, speculation is rampant among bitcoin message boards, with some suggesting the exchange has been hacked and allegedly has shoddy security practices. We cannot confirm this, and it should be taken with a grain of salt until the company provides additional information.

“Right now our IT is still on it – as soon as their work is done, we will issue an official and more thorough statement,” the company told newsBTC in an email at 10:35AM Eastern US time.

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Wednesday, October 7, 2020

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