• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Coinapult Investigating $43,000 Bitcoin Hot Wallet Compromise

NewsBTC by NewsBTC
6 years ago
in Uncategorized
Reading Time: 2min read
Advertisement

One of the longest standing, online Bitcoin account providers Coinapult has suffered a hot wallet attack in which 150 Bitcoins have been lost. The total loss has been estimated to be close to $43,000.

The company has initiated an inquiry into the incident and made an official statement on its website:

“Coinapult is investigating a compromise of its hot wallet. Customers should NOT SEND bitcoin to existing Coinapult addresses starting IMMEDIATELY. This includes Lock Addresses (automatic lock address). Updates will be provided here as they become available.”

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Customers who have unknowingly sent Bitcoins post the compromise or those having questions can submit their inquiries at [email protected].

The startup has also made public the complete report of the March 17 attack.

The services have been halted until the attack vector is determined and patched. But users need not worry as the company has promised to refund the customers manually if the investigation stretches beyond a few days. All other funds, excluding the lost 150 Bitcoins, are safe and the situation is under control now.

As a part of the investigation process, the company is taking all possible measures to discover the scenarios which could have led to the attack. Coinapult COO and CFO Justin Blincoe stressed that, “our team is looking into all possible scenarios in regards to what happened.” The staff has already shut down all hardware in the data center and is planning to run forensics on the hard drives.

Coinapult Investigating $43,000 Bitcoin Hot Wallet Compromise

Till the latest update, the investigation had revealed that an intruder had accessed several machines and tampered with logs.

Interestingly, on March 13, the data center had suffered an all-day outage. Post that, the servers were to be moved out of the data center, which according to Coinapult staff, could have triggered the attack. The staff is now finally proceeding with moving hardware out of the data center.

Founded in 2012 by Ira Miller and Erik Voorhees, Coinapult has been building Bitcoin technology in order to foster growth and access to the revolutionizing digital currency industry. Coinapult is operated by Numeraire Ltd., and offers Bitcoin merchant services, payment processing services, and serves as a web wallet as well.

Spate of attacks hits Bitcoin in 2015

Coinapult is not the only Bitcoin business that has been affected by scams, thefts, and attacks in 2015.

In January, the popular Bitcoin exchange BitStamp lost $5 million after a hot wallet compromise. In February, China-based Bitcoin exchange Bter.com was robbed of $1.66 million or 7170 Bitcoins in a massive hack. February also saw Exco.in shut down its operations after successive DDOS attacks. However, on March 14, the innovative cryptocurrency exchange announced on Twitter that a relaunch plan is being worked out.

“We are in the process of preparing our infrastructure to relaunch the new Excoin trading platform.” – Exco.in, @ ExcoinExchange.

Attacks such as the Coinapult case and several others, severely dent the investors’ confidence which consequentially arrests the growth of the industry. As the news broke, market participants started selling the digital currency and the price collapsed to $280.

Tags: bitcoinBitcoin newsBitcoin price collapseCoinapult theft of 150 BTCNews
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Ripple XRP XRPUSDT

Why XRP Holders Could Be Key In Lawsuit Against Ripple Labs

16 mins ago
bitcoin hashrate

Decline In Bitcoin Hashrate Causes Miners To Earn $16.7 million In 24 Hours

33 mins ago
Alpha Homora Ethereum ETHUSD

How Alpha Homora v2 Will Boost Yield Farmes Gains

2 hours ago
Bitcoin BTC BTCUSD

Why Bitcoin Could Be The Key For The Future Of Clean Energy

3 hours ago
bitcoin dollar decay

“Exponential Decay” Of The Dollar To Benefit Bitcoin Long-Term

5 hours ago
Akita Inu: Is It the Next Dogecoin?

Akita Inu: Is It the Next Dogecoin?

6 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Chatex Launches a 99 NFT ROBOTS Challenge with Tesla Model S as a Grand Prize

April 21, 2021

SappChat: Providing Safe Communications and Financial Operations on the Blockchain

April 21, 2021

Upcoming NFT Drop by Viberate and Blockparty Will Introduce World’s First “Live Gig NFT”

April 21, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.