Coinapult Hot Wallet Compromised, 150 BTC Stolen

Last updated on March 17th, 2015 at 08:17 pm

On March 17th at 2:03pm EDT, Coinapult reported that the company’s hot wallet has been compromised.

Coinapult is well-known to many in the cryptocurrency community. The company was founded by Erik Voorhees and Ira Miller in 2012, and raised $750,000 USD in a seed round led by Roger Ver, FirstMark Capital, and the Bitcoin Opportunity Fund. Coinapult is based in Panama City.

The company posted this update on Twitter and asked customers to immediately refrain from sending bitcoins to the company bitcoin addresses, including those of the Coinapult lock system.

The company’s website also was updated to state,

Coinapult has stopped services during investigation. Withdrawals are currently disabled. It appears 150 bitcoins were stolen. The majority of funds were not in the hot wallet.

Coinapult has not responded to Coin Fire’s request for a comment at this time.

Coin Fire

Coin Fire is a cryptocurrency news site started on June 6th of 2014. The site focused on hard-hitting investigative stories. Coin Fire was acquired by 99Bitcoins on October 2015.

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