Hot Wallet News

What is MetaMask and what potential benefits can it offer users? Read along as we explore the answers. What is MetaMask? MetaMask is a crypto wallet initially released in 2016 that allows users to buy and store Ethereum (ETH) and…

Chainlink, a decentralized oracle network, has come under scrutiny for altering the security measures of its multi-signature (multisig) wallet.

MetaMask is the number one hot wallet on the market, with over 22.66 million app installations and users, according to CoinGecko’s latest report.  Crypto hot wallets According to CoinGecko, MetaMask is the most popular “hot wallet for self-custody,” with 22.66…

Atomic Wallet was hacked, causing users to suffer significant losses, including some who lost their entire cryptocurrency portfolios

Crypto exchange Bitrue announced that it had suffered a hot wallet exploit that enabled hackers to withdraw multiple cryptocurrencies worth nearly $23 million.

Cryptocurrency wallets facilitate transactions. They can be software, hardware, and paper wallets.

The premise behind tokenizing metals is simple: instead of investing in physical metal, you invest in a digital token representing the metal. The idea is that this will allow investors to take advantage of the metal’s value without dealing with…

UK-based insurance behemoth Lloyd’s of London has announced its move to provide crypto-insurance services for funds held in cryptocurrency hot wallets. Lloyd’s Atrium Targets Crypto Insurance Scene According to The Times, insurance giant and the U.K’s oldest marketplace Lloyd’s of…

Crypto hackers struck again as 7,000 BTC was stolen from Binance’s hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute…

The Financial Services Agency (FSA) of Japan is mandating cryptocurrency exchanges in the country to enhance security features on their cold wallet storage, Reuters reports, April 16, 2019. This directive comes as security experts warn that internally-orchestrated exchange hacks are…

Coinbase users have another reason to sleep well at night as the exchange revealed on April 2, 2019, that they have taken out insurance for up to $255 million of the funds in their hot wallets. Covered Most, if not…

Monero seems to be experiencing a bit of a bug problem as on March 4, 2019, the Ledger team warned about the use of the Nano S wallet after user funds were lost. The day before, Monero themselves had warned…