QuickBT Processing Inc. 2287 Lake Shore Blvd W Suite 601 Toronto, Ontario, M8V 3Y1 quickbt.com [email protected] Ph: 888-QUICK-55 FOR IMMEDIATE RELEASE Statement Regarding Mt Gox and The Safety of Customer Funds Toronto, Canada, March 4th, 2014 – Last week, the world’s largest Bitcoin exchange by user-base filed for bankruptcy protection after previously disabling customer withdraw privileges because of a security breach that was discovered. Mt Gox, a Japanese based company, allowed users to exchange traditional currencies for Bitcoin. It is important to understand that the security breach that affected Mt Gox was company specific and did not affect the Bitcoin protocol or technology itself. WHAT WENT WRONG Mt Gox allowed their users to hold long term deposits in their trading system. Users are expected to deposit funds, exchange them, and withdraw the exchanged funds. However, many customers left the exchanged funds inside the Mt Gox system for long periods of time. Users were treating Mt Gox like a bank, and the company’s website for Online Banking. The security technology Mt Gox employed to protect those user funds was insufficient and secondary to their trading system. WHO IS AND IS NOT AFFECTED Mt Gox users have had accounts suspended while bankruptcy proceedings advance. QuickBT and it’s users are not affected. QuickBT does not store users Bitcoin or funds and continues to note that users need to pay careful attention to how they store both Bitcoin and funds electronically to ensure adequate protection. The Bitcoin protocol is not affected. March 2014 QuickBT Processing Inc. Page 1 of 2 QuickBT Processing Inc. 2287 Lake Shore Blvd W Suite 601 Toronto, Ontario, M8V 3Y1 quickbt.com [email protected] Ph: 888-QUICK-55 FOR QUICKBT USERS By offering an immediate exchange service, QuickBT does not require a days-long trust period. As soon as customers make their payment from their bank account, their Bitcoin is immediately delivered. This process takes about 60 seconds. QuickBT does not store Bitcoin or funds on behalf of users. We are not affected by their issues and continue to grow stronger with exchanges that maintain our trust. Please contact the QuickBT Team with any questions or concerns. QuickBT looks forward to growing the Bitcoin community in a transparent manner. Thanks to all QuickBT users, we look forward to improving the service as the company continues to grow. QuickBT Team QuickBT Users [email protected] Media Contacts [email protected] About QuickBT QuickBT is a digital currency exchange that allows users to transact with Bitcoin instantly. March 2014 QuickBT Processing Inc. Page 2 of 2