BTER Site Back up, Preparing for Withdrawals, but Trading Suspended

BTER’s site is back up and running after being down for several days following a hacking and theft of 7,170

BTER’s site is back up and running after being down for several days following a hacking and theft of 7,170 BTC ($1.7 million) from its cold wallet.

The China-based exchange has also reiterated that it plans on resuming withdrawals. Previously, it said that CNY, USD and Nxt cryptocurrency withdrawals will be handled first.

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The site’s home page had been replaced with a message informing users of the attack, providing a link to the stolen coins’ travels through the blockchain and offering a 720 BTC bounty for the funds’ recovery.

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The original home page is now back online, but showing zero activity across the exchange’s many cryptocurrency pairs.

Among cryptocurrency exchanges, BTER has one of the highest selections of fiat-based offerings, with 48 based on CNY and 8 based on USD.

The selection has given BTER an edge over other altcoin exchanges, several of which have also fallen victim to wrongdoing, including MintPal and Cryptsy. The longer BTER remains effectively offline, however, the greater the market share it stands to lose to competitors.

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