Brazil's largest Bitcoin exchange down for 72 hours

posted 3 months ago
Brazil’s largest Bitcoin exchange, Foxbit, is down for maintenance as R$ 1 million ($300,000 USD) have apparently gone missing.

In a live feed broadcast earlier today, Foxbit has discussed the issue and has reassured users that their funds are safe at this point, but that at least 130 suspected transactions are being investigated.

The exchange claims to have enough liquidity to honor all customer balances even if it turns out the missing 30 BTC have indeed been stolen. Lost funds would be replaced by the company’s own BTC reserves until the situation is sorted out.

The exchange has been down for 3 days now but has promised customers to come back to full operation by March 14.
Tags: bitcoin, news