BitQuick, a leading P2P trading platform, recently announced that it shut down its server following an attack that gave the attacker unauthorized administrative access. However, all funds, IDs and emails remain secured.
“The breach was immediately noticed, and the server was shutdown to prevent any further damage. We are still performing a formal investigation to determine the attack vector, and specifically what information was obtained from the server. Due to additional security mechanisms in place, no funds were taken, and all ID’s (driver’s licenses, passports, etc.) and emails remain secured”, BitQuick said in an online post.
It added that it will not restore service until is completely sure that it can continue to provide the same level of service that BitQuick’s customers are accustomed to and deserve.
“This will occur once the investigation has been completed, the attack vector has been patched, and the rest of the source code has been audited for security. We estimate that this process could take anywhere from 2 to 4 weeks. An update will be issued to all BitQuick customers once the investigation has completed, and once service is restored”, it added.
BitQuick also said that it is seeking new management due to “personal reasons for the current team”. It said:
“We’re looking for passionate and talented individuals or corporations to take ownership and continue growth with the same high standards we’ve always provided for our users”.
Founded in August, 2013, BitQuick reached $1.5 million 30 day trailing volume just last week, 15x where it was in January, 2015.