Ever since the Bitstamp exchange got breached a few days ago, things have been tense when you as much as drop the name in any type of conversation. Understandably so, as a lot of people are very anxious to ensure their funds are safe in cold storage. However, the way Bitstamps is communicating over the past 24 hours, it looks like they are delaying the relaunch multiple times for an unknown reason.
Don’t get me wrong, I love the fact that both the official Bitstamp twitter account, as well as their CEO Nejc Kodric are keeping us up to date in regards to their progress. Ever since the Mt. Gox debacle last year, communication between exchanges and their users have been far more professional and informative, so kudos for that.
However, if you take a look at the timeline of the tweets being posted by both accounts, there is plenty of room for paraphrasing and reading between the lines. In whichever way you want to interpret those messages is entirely up to you, but the way several people see it is how Bitstamp keeps pushing back the relaunch deadline for an unknown reason.
Roughly 19 hours ago, a tweet was sent by Nejc Kodric’s twitter account stating : “Our redeployment is up internally and it is being filled with backup data for testing. Relaunch ETA ~24-48h. Thank you for your patience!” Things are going well it seems, and it’s great to hear the redeployment is coming together slowly. Loading up the databases with backup data is a great way to check whether or not the issue has actually been solved.
About three hours later, the official Bitstamp Twitter account had the following to add : “We are working diligently to restore our services in the coming days. Thank you for your patience and support.” This is pretty saying the same as Mr. Kodric did, except for one exception : dayS. No more talk of “maybe in 24 hours”, but definitely more than 1 day before services are fully restored. At least they are being honest, which we can only appreciate.
That delay gets some more explanation from Nejc Kodric a few hours later when he tells the world : “We are fully rebuilding our systems from the ground up so that customers can use @Bitstamp with full confidence and trust.” I thought the internal redeployment was already done, so which systems are you rebuilding? The database is filled up with backup data, so this seems like a bit of mystery to me. Then again, I don’t run an exchange, so who am I to question, right?
Less than one hour after that tweet, @Bitstamp posts a very interesting and slightly odd message : “Our temporary website didn’t feel quite like home – so we gave it a little refresh while we work on restoring full services.” I’m glad to hear you guys gave the web developers something to do aside fro thumb twiddling, but it is a temporary site after all…Surely no one will blame you for your design choice?
Granted, when you have to sit around and wait for things to get up and running again, people get bored easily. Then again, the final two tweets just seem rather strange to me, and make me question what they are possibly doing over there. Maybe I’m just becoming paranoid after being involved with cryptocurrency for over 5 years….
What are your thoughts? Leave a comment below!