Estonia-based crypto exchange BitBay has resumed all its services after hours of an unexpected outage.
The exchange first restored the login facility for its customers followed by the resume of all trading services along with the withdrawals and deposits.
We are online! 💪
Thank you for your patience and understanding. You are the best!
From now you can log in to account and cancel listed orders.
Trading on BitBay will be available again tomorrow at 9:00 am.
— BitBay (@BitBay)
, forcing the traders from accessing trading services in the exchange, Finance Magnates reported.
Though the exchange first said that it was facing issues with its external network provider, it later tweeted that the problem “turned out to be more complicated.”
As the outage was unexpected and lasted for hours, many are suspecting if the exchange was attacked.
The exchange, however, was updating about its outage status and assured traders that all “funds are safe.”
Dear Users, around midnight we will inform you about the current status and plans to recover the platform. Your funds are safe. The failure has no effect on balances. The problem is not caused by a hacker attack.
— BitBay (@BitBay)
Increasing demand for crypto trading
, BitBay’s primary client base is in Poland where the company was established.
Per the exchange, it has over 80,000 traders on its platform, making it the third-largest crypto exchange in the continent.
The exchange recently saw a massive surge in its trading volume as Bitcoin-Polish złoty (PLN) pair exchange peaked on March 13 with trades worth $75 million. Coinmarketcap.com data also show that the adjusted volume of the exchange on March 25 was over $39 million.
Notably, last year the exchange also faced issues with its payment service provider which forced it to to handle PLN deposits and withdrawal services.
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