By Alba Gei
Bitquick.co experienced a service interruption on March 14th, which has continued through the week and may last as long as a month according to Jad Mubaslat and Chad Davis. The outage was the result of a security breach.
The service is a P2P trading site where buyers and sellers can trade bitcoin for payment methods such as direct bank deposits and Bitquick had originally issued this statement on the company's Facbook page:
Unfortunately due to a security compromise, we will be down for an indeterminable amount of time. No funds have been taken, all funds are still secured. Send urgent inquiries to [email protected]
This is also where the bitquick.co website is now directing to immediately where they appear actively attempting to get things in order.
Bitquick told dinbits.com that they were preparing an official statement early Thursday morning and subsequently released the following statement which we have published unedited in its entirety:
It's good to see swift action and even better to hear that no customer funds were lost. The downtime of 2 to 4 weeks is certainly going to be a problematic for those who rely on the service, but if we recall, Bitstamp was down last year for a period of time before it returned in full force and have been going strong ever since.
If Mt Gox taught anyone anything it was that security cannot be taken lightly. It appears that this is the primary concern at Bitquick and that is always good news.
Article by Alba Gei
Image by dinbits staff
Bitquick logo courtesy Bitquik.co