Suspicions Grow During BitBay’s 18-Hour Outage

March 27, 2020 | By | Reply | 22 Readers More

Estonia-based cryptocurrency BitBay has been offline for 18 hours now, citing problems caused by a third-party service provider.

On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem.

Founded in Poland in 2014, BitBay claims to be the third-largest cryptocurrency exchange in Europe with more than 800,000 users. 

BitBay suffers outage for a day

Four hours after going offline, the exchange announced that the issue was more complicated than initially thought but that once the issue was fixed it will relaunch with limited functionality to allow traders to cancel or place orders before the exchange’s matching engine resumes.

The exchange later broadcast a live stream on Facebook. In the comments section,…

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