Polish Law Enforcement Investigating Bitcoin Exchange Shutdown

Prosecutors in Łódź, Poland, have launched an investigation into the shutdown of Bitcurex, one the country's oldest and largest bitcoin exchanges.

AccessTimeIconMar 15, 2017 at 9:00 a.m. UTC
Updated Sep 11, 2021 at 1:09 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Prosecutors in Łódź, Poland, have launched an investigation into the shutdown of Bitcurex, one the country's oldest and largest bitcoin exchanges.

Earlier this year, the platform suddenly went offline, reportedly depriving its users of access to some 2,300 bitcoins. In October 2016, the bitcoin exchange told local media that its IT system was "damaged by an external interference" that resulted with the loss of a portion of its total assets.

But while platform's operator said that it had notified the authorities of a potential crime, as of earlier this month, the website has no content.

The Prosecutor's Office said in a statement that it is investigating the case on suspicion of crimes against the property of third persons.

"Injured persons who have not submitted a notice of offense can submit such notices directly to the Prosecutor’s Office in Łódź," the statement said. "Written notices should, if possible, be accompanied by copies of the available documents or print-outs that confirm the amount of the incurred losses."

The cryptocurrency exchange was set up in July 2012 and operated by a Łódź-based company called Digital Future. In past years, Bitcurex had been victim of various hacking attempts that forced the platform to temporarily halt its activities.

In March 2014, following an earlier hacking attack on the exchange, company representatives told CoinDesk that shutting down the site would allow Bitcurex's IT team to "perform a necessary verification".

Four days after that attack, the platform resumed services.

Polish police image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.