Coinapult Claims $40k Lost in Hot Wallet Compromise
Coinapult has suffered a hot wallet attack that resulted in the loss of 150 BTC, or roughly $42,900 at press time.
One of the longest-operating bitcoin startups has suffered a hot wallet attack that resulted in the loss of 150 BTC, or roughly $42,900 at press time.
Founded by Ira Miller and investor Erik Voorhees in 2012, Coinapult announced the compromise on Twitter, advising customers to refrain from sending bitcoin to Coinapult addresses until the problem is resolved.
Coinapult COO and CFO Justin Blincoe stressed that the hot wallet was used only for funds owned by the bitcoin wallet and service provider, and that no customer funds were affected.
Blincoe told CoinDesk:
Customers that may have sent funds to the hot wallet since it was compromised or who have more specific questions, Blincoe said, can contact Coinapult directly at email@example.com.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, 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.