QI Quadriga Initiative

Mar 2015 - Coinapult Hot Wallet Hack - $43k (Panama)

“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.”

Further Analysis

This appears to have not affected any customer deposits. In general, hot wallets cannot be considered safe storage.

More Cryptocurrency Exchange Hacks/Scams/Frauds

Ripple Trade Japan Fraud > > < < AllCrypt WordPress Exploit Theft

Sources/Further Reading


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