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Thursday, 08/20/2015 12:18:44 PM

Thursday, August 20, 2015 12:18:44 PM

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Vault 51and 52 Cyber Attacks







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Vault 51 and 52 Cyber Attacks

Bitcoinz USA's Vault 51 and 52 website came under a malicious attack yesterday from unknown parties. An attack that the company is describing as an attempt sabotage its Bitcoin business model. The company is currently investigating these attacks and is attempting to notify local authorities.

Moreover, the attacks continue to highlight the need for a secure Bitcoin defense system like Vault 51 and Vault 52. Vault 51 is an offline storage system for retail Bitcoin users which is represented by a copper Physical Bitcoin and Vault 52 is an offline secure storage for institutional Bitcoin users which is represented by a silver Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 and 52 and embedded in a Physical Bitcoin, which is not connected to the internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.

Additionally, the website is used to facilitate Vault 51, Vault 52 and Bitcoin purchases. However, Bitcoinz USA does not store Bitcoin online. Over the past year, the theft of Bitcoin online has represented over of $600 million USD in consumer losses. In the meantime, the Vault 51 and 52 website continues to remain offline while the company investigates the cyber attacks and simultaneously creates new security measures to avoid future cyber attacks.

Stay connected through social media for the most updated information:
Official Vault 51 Website
Official Facebook Page
Official Google Plus Page
Official Twitter Page
About Bitcoinz USA

Bitcoinz USA seeks to innovate existing crypto-currency technology to create new technology and online platforms that will re-invent the future of business. The company is a subsidiary of Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. For additional information on the Company visit our website at: http://www.baysidecorp.com

Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.

The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.














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