{"id":3101,"date":"2018-01-26T03:52:53","date_gmt":"2018-01-26T03:52:53","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3101"},"modified":"2018-01-26T03:52:53","modified_gmt":"2018-01-26T03:52:53","slug":"news-commentary-308-bittank-explains-system-failure","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3101","title":{"rendered":"News Commentary #308 – Bittank Explains System Failure"},"content":{"rendered":"

Bittank Offers Explanation.<\/strong><\/p>\n

As many of you already know, two days ago, Bittank<\/a> announced that it had experienced a \u201cSystem Failure\u201d that was preventing them from making cashouts.\u00a0 Many of us in the HYIP industry feared that this announcement foretold the closing of the program — especially since Bittank<\/a> also indicated that investors could still make new deposits into the program.\u00a0 Well, we were happy to receive the latest announcement from Bittank<\/a> indicating that they have found the cause of the problem and are taking measures to correct the situation such that a repeat occurrence will be highly unlikely.\u00a0 Following I am reprinting the series of Bittank<\/a> announcements on this situation.\u00a0 We didn\u2019t reprint the earlier announcements of the system failure.\u00a0 The more recent announcements are first.<\/p>\n

<\/a><\/p>\n

25-01-2018 –\u00a0<\/span>Site update<\/strong><\/p>\n

We now have a status over the damage and able inform you what really happen two days ago.<\/p>\n

We had to keep the real reason silent until investigation and monitoring was complete.<\/p>\n

Two days ago we observed a dramatic cashout on our intern stat approximate 170000 USD more than the daily normal flow.<\/p>\n

Our action was prompt disable cashout and server team called in to investigate and monitoring behavior while support team started look thought cashout transactions one by one.<\/p>\n

For good reason we did not publish this info as this would alarm the wrong-doers and then not possible monitoring the activity fully with risk never to find the cause.<\/p>\n

We have now been able find out how they did it and our developers are working on rebuilding the cashout function and pages.<\/p>\n

Expected one day work more and some testing.<\/p>\n

Support team is about half way finding the accounts who was able force large cashout sizes with so far found several hundreds member account and still counting.<\/p>\n

I am not particular proud that this could occur even our effort fight of attacks and hackers since start has been continually ongoing we have been on top all the time.<\/p>\n

But now some succeeded find a way through.<\/p>\n

I am just glad action was taken this fast and only a small part of 170k lost. This can maybe sound like a big amount but it is actually not more than what the coin balance move daily as the rate change. So I can assure you it has no inflict on the cash-flow or the business itself.<\/p>\n

Now we are waiting the developers finish their job and support team get though last half of member account. Please expect two more days waiting.<\/p>\n

I am aware this is very unpleasant for many, but soon we are done we can open the cashout normal and send the waiting cashout using the API.<\/p>\n

A few has asked the question why we not just make payment manually.<\/p>\n

The answer is simple. We simply are not able pay manually 7000 transactions per day one by one. Moreover all team are busy look though all member accounts.<\/p>\n

Please allow us complete this job and come back on track fast possible.<\/p>\n

Our truly deepest apologies to all our miners for the interruption.<\/p>\n

BITTANK LTD.<\/a><\/p>\n

 <\/p>\n

24-01-2018 –\u00a0<\/span>System Failure<\/strong><\/p>\n

Yesterday we encountered\u00a0an error on the system and waiting requested help to finish solve it.<\/p>\n

The error affect transactions for cash out what are set to HOLD until problems are solved.<\/p>\n

You are still able to request your cash out, just expect a few days delay until we solved the issues on transactions.<\/p>\n

Since deposit and cash out are two separate parts you are still able purchase your mining plan either by using earnings or new deposit.<\/p>\n

Mining runs on their own systems and continues generate your earnings unaffected for any of this.<\/p>\n

Please do not submit ticket on this issue but let us use that time efficient to solve the problems.<\/p>\n

We do anything in our power to get all system fully operational again.<\/p>\n

BITTANK LTD<\/a><\/p>\n

 <\/p>\n

23-01-2018 –\u00a0<\/span>System Failure<\/strong><\/p>\n

We have encountered\u00a0an error on the system few hours ago and waiting requested help to solve it.<\/p>\n

We do currently not know the cause of this but expect it is server related.<\/p>\n

We do anything we can to get all system fully operational again.<\/p>\n

BITTANK LTD<\/a><\/p><\/blockquote>\n

<\/a><\/p>\n

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Bittank Offers Explanation. As many of you already know, two days ago, Bittank announced that it had experienced a \u201cSystem Failure\u201d that was preventing them from making cashouts.\u00a0 Many of us in the HYIP industry … News Commentary #308 – Bittank Explains System Failure<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1718,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[371,376,373,372,377,374,380,906,378,379,370,386],"class_list":["post-3101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bittank","tag-bittank-info","tag-bittank-investment-plan","tag-bittank-investment-program","tag-bittank-news","tag-bittank-review","tag-bittank-scam-or-paying","tag-bittank-system-failure","tag-bittank-update","tag-bittank-updates","tag-bittank-club","tag-httpsbittank-clubrefemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #308 - Bittank Explains System Failure - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=3101\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bittank Explains System Failure | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"Bittank Offers Explanation. As many of you already know, two days ago, Bittank announced that it had experienced a \u201cSystem Failure\u201d that was preventing them from making cashouts.\u00a0 Many of us in the HYIP industry … News Commentary #308 – Bittank Explains System FailureRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=3101\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-26T03:52:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/08\/bit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bittank Explains System Failure | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/08\/bit.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=3101\",\"name\":\"News Commentary #308 - Bittank Explains System Failure - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/08\/bit.jpg\",\"datePublished\":\"2018-01-26T03:52:53+00:00\",\"dateModified\":\"2018-01-26T03:52:53+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=3101\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/08\/bit.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/08\/bit.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3101#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Commentary #308 – Bittank Explains System Failure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"News Commentary #308 - Bittank Explains System Failure - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=3101","og_locale":"en_US","og_type":"article","og_title":"Bittank Explains System Failure | FAIR and FAST HYIP News | EmilyNews | EN","og_description":"Bittank Offers Explanation. 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