UTC-05:00,Thursday , May 28th 2020

BitMarket Confirms Firm Shutdown Was Due To Hack

12:51 Thursday , July 11th 2019
As reported by CoinNess.com earlier, a Polish cryptocurrency market, BitMarket, shut down due to a loss in liquidity, only providing basic information to its users on the company's main website.
BitMarket director Marcin Aszkielowicza has come out with a statement saying that in 2017, the exchange had been hacked which caused a loss of at least 600 BTC, for both the investors and the company as well. Later in his statement, Aszkielowicza lays the blame on previous executives of BitMarket, saying that nothing was done to prevent the hack as well as fix the issues that were caused by it. Aszkielowicza says that the last two years were spent on fixing the hole in the exchange's coffers in order to somehow prevent liquidity issues.
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