{"id":30017,"date":"2020-10-13T12:01:23","date_gmt":"2020-10-13T09:01:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30017"},"modified":"2025-08-27T20:08:45","modified_gmt":"2025-08-27T17:08:45","slug":"bitbay-bitcoin-exchange-experiences-brief-outage","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitbay-bitcoin-exchange-experiences-brief-outage\/","title":{"rendered":"BitBay bitcoin exchange experiences brief outage"},"content":{"rendered":"<p>On Monday, October 12, the cryptocurrency exchange BitBay was unavailable to users for nearly two hours.<!--more--><\/p>\n<p>The company did not disclose the causes of the outage, but said that funds were safe.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Dear Users, our platform is currently unavailable. We are working on the resolution. Your funds are safe. We apologize for the inconvenience and ask for your patience. <a href=\\\"https:\/\/t.co\/44WL7v9B7k\\\">pic.twitter.com\/44WL7v9B7k<\/a><\/p>\n<p>\u2014 BitBay (@BitBay) <a href=\\\"https:\/\/twitter.com\/BitBay\/status\/1315690703054417921?ref_src=twsrc%5Etfw\\\">October 12, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In a second message, BitBay representatives said they planned to launch the exchange \u201cwith the transaction-processing capability blocked.\u201d Users were given half an hour to cancel offers posted on the exchange before it went offline.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We have not managed to solve the problem yet. \ud83d\ude41 We plan to launch the platform with the blocked possibility of transaction processing. You will have time to cancel offers (30 minutes). We will keep you updated on the situation. Thank you!<\/p>\n<p>\u2014 BitBay (@BitBay) <a href=\\\"https:\/\/twitter.com\/BitBay\/status\/1315704166745100292?ref_src=twsrc%5Etfw\\\">October 12, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Trading resumed that evening. The exchange apologized for the inconvenience.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We are online! During the next 30 minutes, you can cancel previously posted offers. The trading will start at 8:10 pm (GMT+2). We apologize for the inconvenience and thank you very much for your understanding. <a href=\\\"https:\/\/t.co\/1vqFvA8fZZ\\\">pic.twitter.com\/1vqFvA8fZZ<\/a><\/p>\n<p>\u2014 BitBay (@BitBay) <a href=\\\"https:\/\/twitter.com\/BitBay\/status\/1315709685576630273?ref_src=twsrc%5Etfw\\\">October 12, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In 2020, this was the second outage for the exchange: trading <a href=\\\"https:\/\/twitter.com\/BitBay\/status\/1243300829400047618\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">stopped<\/a> for 18 hours on March 27. At that time, BitBay representatives attributed the issue to a network problem caused by an external service provider.<\/p>\n<p>Back in March, a serious outage hit the crypto-friendly Robinhood app. The first outage lasted about 17 hours amid high user activity. The second outage occurred a week later during a market downturn.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, October 12, the BitBay cryptocurrency exchange was offline for nearly two hours.<\/p>\n","protected":false},"author":1,"featured_media":30018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1973,1301,1166],"class_list":["post-30017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitbay","tag-blockchain-vulnerabilities","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30017"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30017\/revisions"}],"predecessor-version":[{"id":30019,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30017\/revisions\/30019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30018"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}