Japan’s bitcoin exchange operator announced Wednesday it is suspending trading in a range of digital currencies following a spate of thefts of millions of dollars.
Bitcoins are widely used by bitcoiners and other digital currencies, with the total value at more than $1.5 trillion.
In a blog post on Wednesday, the exchange operator, Bitstamp, said it is now halting all bitcoin trading.
Bitstamp said it received the news of the latest theft at around 9:00 a.m.
(GMT+10) Wednesday morning, and that the firm will begin its next round of withdrawals to mitigate the damage.
In addition, BitStamp said customers will not be able to purchase Bitcoin futures, a product that would have bought them more bitcoins.
Instead, BitPesa, which is the main digital currency exchange in Japan, will offer customers to use the new Bitcoin futures platform.
BitPesa CEO Hiroshi Kano said Wednesday that he believes the theft was not the result of a security breach, but was the result the exchanges were not careful in how they handled their systems.
BitStamp’s decision to suspend trading in bitcoin and other cryptocurrencies comes as a number of major companies in the U.S. are beginning to adopt bitcoin.
In the U-S., BitPebesa said it will now only accept bitcoin, Ether and Litecoin, with Litecoin likely to be the first major currency to switch over to the digital currency.
Other companies have begun to launch bitcoin futures, and a number are launching their own platforms for the digital currencies.
The announcement came as other companies began to follow suit, including Coinbase, which said it was suspending its bitcoin trading and exchange operations in the United States and Canada.
Earlier this week, the U