NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

CBE Kipcoin Shut Down After Claims of Losing 3000 BTC to Hackers

NewsBTC
NewsBTC
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

KipCoin used to be a bitcoin exchange wallet service based in China. On February 18, the day of the Chinese Lunar New Year’s Eve, a message was posted on their website stating that their wallet servers were hacked and that they had lost over 3000 BTC.kipcoin bitcoin exchange

The bitcoin exchange claims that hackers moved the company’s funds to the following addresses:

1Chg6NxMeTcZ3DQvYA9gocjU4RQwH1LtKD

18zf9CWe4uBy8BesHU3BWqjpibDRRBoPLD

1MYkHXvnWuZ5FaMJkNv4uCLoVC2Ztp2DXK

152BSsbpcGMdj9WBGHq3wXHgJVuqQCs4aJ

16j131w3cvkdAc13sg5nREMiiJj3zoRw5n

16qHXy4RDeek56mNDN84d2F6niE96taQso

175L5Sx81dZZBureP8RtLUyUXoruVdAj1E

17ZJ1sqDRxq7oRVrnNLxoyrvHrtrjtPRfp

17amdMD8JJPcipWqUEwzEtsAuYu1FzkVtg

181qVdiaCcJmzGJV9PEobeYYnkC25PyJdT

18ncsALSWGWRG3JK6yio4PXoiWBbvxAxng

1XgAzaQEe9iDEohWCmdNXSH8XZ74uLBnd

Many members of the bitcoin community had expressed their concerns about websites similar to KipCoin. Their wallet service offered a 22% annualized interest paid daily. They had later expanded their service to include a FIAT exchange and also futures later on. It wouldn’t be the first time that we see such an operation turning out to be a well-disguised ponzi scheme. The KipCoin incident comes in just weeks after the Honk Kong based company MyCoin turned out to be a ponzi. Things are not as clear this time though.

kipcoin chinese bitcoin exchange newsbtc

KipCoin’s bitcoin exchange is temporarily shutting down?

In a statement the company released through the Chinese social media website Weibo, they mentioned that they will put all their services on hold temporarily. In this post, it was also mentioned that no Chinese Yuan were stolen from the accounts. KipCoin claimed that they will start cooperating with the police after February 25 which marks the end of the Chinese spring break holiday. According to their claims, available funds will be withheld until the investigation is complete.

A lot of frustration followed the unfolding of these events. Customers of the bitcoin exchange are angry over the lack of information that followed the alleged “hacking” and many went as far as to call the whole operation a ponzi scheme.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 2

  1. cohagen says:
    10 years ago

    22% daily ROI? No way that was a scam! Idigts!!!!!!!!!!!

    Reply
  2. cohagen says:
    10 years ago

    Without any solid clear laws to punish this kind of crime in Hong Kong it’s open season for the scammers.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. cohagen says:
    10 years ago

    22% daily ROI? No way that was a scam! Idigts!!!!!!!!!!!

    Reply
  2. cohagen says:
    10 years ago

    Without any solid clear laws to punish this kind of crime in Hong Kong it’s open season for the scammers.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Станут ли 600 000 BTC точкой невозврата?

Запас биткоинов MicroStrategy составляет 597 325 биткоинов общей стоимостью почти $65 млрд, и следующий шаг может привести к тому, что...

lisachaikina 3 hours ago
Bitcoin

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support...

Rubmar Garcia 5 hours ago

本月最值得關注的5枚迷因幣與預售項目—10倍潛力幣一覽

進入2025年7月,加密貨幣市場重新迎來活躍期。在全球政治動盪與金融格局重組的背景下,資金不斷從傳統市場流向去中心化領域,形成了新一輪的代幣熱潮。在這樣的市場情緒中,迷因幣與預售項目的表現尤為亮眼。 ...

Mark Mak 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Christian Encila 12 minutes ago
Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

newsbtc 1 hour ago
Bitcoin price crash

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • SEC, Quidax Bring Together Top Banks, Asset Managers to...

    2 hours ago
  • Wzrost altcoinów zgodny z tematyką artykułu

    3 Altcoins, na które warto zwrócić uwagę w pierwszym...

    2 hours ago
  • MEXC Ventures Hosts Successful “Kickstart Your...

    2 hours ago
  • Alternativni kripto uz DOGE koji bi mogao pretvoriti 650 $...

    3 hours ago
  • Token6900

    TOKEN6900: Meme Coin Tiềm Năng Với Presale Rẻ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.