Swiss Bitcoin Pay shuts down servers after suspected breach

Photo: panumas nikhomkhai / Pexels

Swiss Bitcoin Pay shuts down servers after suspected breach

The non-custodial Bitcoin payment processor took its systems offline as a precaution, though no customer funds appear to be at risk.

Swiss Bitcoin Pay is temporarily shutting down its servers after a malicious user likely gained access to the company’s internal systems, the company said Monday. Work on securing its infrastructure is underway in response to the incident.

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The Switzerland-based Bitcoin payment processor said potentially exposed information includes customer email addresses, Bitcoin addresses, IBANs, transaction history and hashed passwords, while the scope of any additional access remains unclear.

User funds remain safe, Swiss Bitcoin Pay noted, adding that all amounts owed to users will be returned in full.

Led by Jimmy Larbi Djabali, whose stated business is developing Bitcoin transaction-processing applications and technology, Swiss Bitcoin Pay enables businesses to accept Bitcoin, including through the Lightning Network.

The company offers payment infrastructure for merchants, including a checkout system, merchant dashboard and integrations for online and physical stores. Swiss Bitcoin Pay says its service is non-custodial and is designed not to hold users’ Bitcoin.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Swiss Bitcoin Pay shuts down servers after suspected breach
Swiss Bitcoin Pay shuts down servers after suspected breach

The non-custodial Bitcoin payment processor took its systems offline as a precaution, though no customer funds appear to be at risk.

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Photo: panumas nikhomkhai / Pexels

Swiss Bitcoin Pay is temporarily shutting down its servers after a malicious user likely gained access to the company’s internal systems, the company said Monday. Work on securing its infrastructure is underway in response to the incident.

Advertisement

The Switzerland-based Bitcoin payment processor said potentially exposed information includes customer email addresses, Bitcoin addresses, IBANs, transaction history and hashed passwords, while the scope of any additional access remains unclear.

User funds remain safe, Swiss Bitcoin Pay noted, adding that all amounts owed to users will be returned in full.

Led by Jimmy Larbi Djabali, whose stated business is developing Bitcoin transaction-processing applications and technology, Swiss Bitcoin Pay enables businesses to accept Bitcoin, including through the Lightning Network.

The company offers payment infrastructure for merchants, including a checkout system, merchant dashboard and integrations for online and physical stores. Swiss Bitcoin Pay says its service is non-custodial and is designed not to hold users’ Bitcoin.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.