Quote from: smoothie on January 06, 2015, 12:50:44 AM

Quote from: mike81 on January 05, 2015, 11:38:42 PM

The 19000 BTC isn't even half of the volume that was traded per day the last couple of days. It is a big hit but i suppose it is recoverable.

I'm more worried about the wording in the statement where it states:

Quote

We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at support@bitstamp.net."

I don't think it should take days to copy and check their environment, why would it take this long?

And updates haven't been provided since this morning on either Twitter or their website. No source for the last statement on Coindesk. I'm worried we won't hear anything for a few days now. And that reminds me of Gox...

The big question is will they allow a run on Bitcoin and fiat withdraws?

Anyone who has a large sum trapped there would likely want out ASAP.

If they allow this and bite the bullet I will give them credit where it is due. Otherwise they are insolvent.

I don't think it would be wise to allow trading to start back up until they are ready to start processing withdrawals again. One could speculate that the reason the price of bitcoin has not fallen since bitstamp announce they suspended service is because they have been trying to buy up as much bitcoin as possible in order to have a 100% reserve level