http://news.paybase.com/following-a-delay-in-withdrawals-on-paybase-enhanced-security-measures-account-for-all-funds/

Following a Delay in Withdrawals on PayBase Enhanced Security Measures Account for All Funds
Bloomfield, CT – After limited access during the course of the past nine plus days, users of PayBase and ZenCloud have resumed in the ability to withdraw funds from their online wallet accounts. The delay happened as a result of enhanced security measures employed by GAW Miners, the company that owns the PayCoin wallet services. The security measures taken are a part of an enhanced practice that has ensured the security of customer funds to the extent that no funds have ever been compromised. While the delay in withdrawals certainly caused some anxiety among PayBase customers, the delay versus a loss of funds was greatly appreciated.

Heightened security was implemented as a result of many of GAW Miners’ Hashstakers expiring, leading to a release of thousands of PayCoins and an overwhelming amount of activity. The enhanced level of security ensured proper funds were being directed to the rightful PayCoin owners’ ZenCloud account and the accounting of all funds.

“It’s no secret we’ve been hacked from outside sources, but these nefarious efforts have never resulted in customer funds being compromised, ever,” said H. Josh Garza, CEO of GAW Miners, the company that operates PayBase and ZenCloud. “Because of the ongoing attempts to undermine our systems, we’ve employed very rigorous levels of security that some just don’t like, but in the end are appreciated as we’ve never lost customers’ funds. However, we’ve learned that there will always be critics.”

The theft of cryptocurrencies has been pervasive in a category that can best be likened to the wild west of the financial sector, where integrity and honor are seemingly at a loss. The much-publicized Bitcoin theft in February 2014 is a case in point as cryptocurrencies, as secure as they may be are for all intents and purposes, a bearer instruments.

“Just recieved my missing bitcoin Deposit, thanks Paybase team, just please next time be quicker ☺ ) but still KEEP UP THE GOOD WORK.” Said Archibullo, a blogger on the Hashtalk blogsite in response to the company’s effort.