ChainBleedv0.1 · open intel
← back to feed·BITCOI2019-07-08 · 6y ago
Incident · SLOWMIST

Bitmarket

Insufficient liquidity
Estimated loss
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

On July 8, the Polish-based exchange Bitmarket abruptly shut down due to liquidity issues. The shutdown allegedly cost users a total of 2300 bitcoin (approximately $23 million) according to Polish prosecutors. The exchange’s official site was replaced with the following message: “We regret to inform you that due to the loss of liquidity, from 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Two weeks later, one of the exchange's co-owners was found shot dead Attack method (per SlowMist): Insufficient liquidity. Reported loss: 2,300 BTC.

Primary source
https://www.coindesk.com/markets/2019/07/09/polish-crypto-exchange-bitmarket-suddenly-shuts-down/
Sourced from
slowmist
Technical record
chain
bitcoin
protocol
Bitmarket
bug_class
unknown
date_occurred
2019-07-08
loss_usd
source_id
sm:bitmarket::2019-07-08
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