The headlines were recently hit by the news regarding Foxbit, Brazilin cryptocurrency exchange, which went down after the bug which allowed its users to withdraw their BTC balances twice. The total loss was estimated at 30 Bitcoins.
The company founders held a livestream on March 13, stating that the users's funds are protected, and that they have a special fund to cover possible losses and the funds in Portugese national currency are safe in bank accounts. They stated that the platform was neither hacked nor robbed.
At first, Foxbit reported that it should be back online by March 14, but now the exchange changed the date stating that the platform will be offline until March 26.
The platform will come back, but it is not in our interest to hold any user’s balance, be it in real or bitcoin. It is a solvent company and there is no problem if all users make withdrawals.
The representatives of Foxbit exchange recommended its users not use the exchange as a wallet, and to store funds in their own separate cryptocurrency wallets in order to avoid loss of funds.