-
Bitcoin $94,130.2756
-0.01% - Ethereum
$1,802.0377
0.48% - Tether USDt
$1.0007
0.04% - XRP
$2.2262
1.41% - BNB
$601.3461
-0.44% - Solana
$149.5843
0.57% - USDC
$1.0002
0.02% - Dogecoin
$0.1828
0.75% - Cardano
$0.7009
-0.65% - TRON
$0.2488
-0.62% - Sui
$3.5896
6.26% - Chainlink
$14.6214
-1.07% - Avalanche
$22.0930
1.06% - Stellar
$0.2845
-1.72% - UNUS SED LEO
$9.0097
-0.84% - Toncoin
$3.2654
1.74% - Shiba Inu
$0.0...01368
-3.35% - Hedera
$0.1887
-1.24% - Bitcoin Cash
$352.6236
-1.94% - Litecoin
$87.1538
1.54% - Polkadot
$4.1259
-2.47% - Hyperliquid
$17.7780
1.47% - Dai
$1.0001
0.01% - Bitget Token
$4.4080
0.58% - Ethena USDe
$0.9995
0.00% - Pi
$0.6353
-1.28% - Monero
$228.3196
-0.03% - Pepe
$0.0...08954
-1.88% - Uniswap
$5.6246
-2.84% - Aptos
$5.4478
-1.64%
which cryptocurrency cold wallet went bust
QuadrigaCX, a Canadian cryptocurrency exchange, went bust in 2019 due to its founder's untimely demise, leaving over $150 million in customer funds inaccessible.
Oct 18, 2024 at 01:48 pm
Which Cryptocurrency Cold Wallet Went Bust?
In the digital asset market, security is paramount. Cryptocurrency cold wallets, which store private keys offline, have emerged as a popular solution for safeguarding cryptocurrencies. However, even the most reputable services can encounter challenges. Here are some notable cryptocurrency cold wallets that have experienced difficulties:
1. QuadrigaCX
Date: 2019
Details: QuadrigaCX, a Canadian cryptocurrency exchange, went insolvent after the sudden death of its founder, Gerald Cotten. The exchange held over $150 million in customer funds, but Cotten allegedly took the private keys with him to his grave, leaving the funds inaccessible.
2. Mt. Gox
Date: 2014
Details: Mt. Gox was once the world's largest Bitcoin exchange. However, it was hacked and lost over 750,000 Bitcoins, worth approximately $450 million at the time. The incident significantly impacted the Bitcoin market and raised concerns about the reliability of cryptocurrency exchanges.
3. Coincheck
Date: 2018
Details: Coincheck, a Japanese cryptocurrency exchange, was hacked and lost $530 million worth of NEM coins. The hack exposed vulnerabilities in Coincheck's cold wallet system and highlighted the importance of proper security measures.
4. BitGrail
Date: 2018
Details: BitGrail, an Italian cryptocurrency exchange, collapsed after a hacking incident that resulted in the loss of over $180 million. The exchange's founder, Francesco Firano, was accused of manipulating the market and stealing customer funds.
5. Cryptsy
Date: 2016
Details: Cryptsy was a cryptocurrency exchange that was plagued by operational issues and alleged fraud. It ultimately went offline in 2016, leaving customers struggling to recover their lost funds.
These incidents underscore the importance of choosing reputable and well-secured cryptocurrency cold wallets. Users should carefully research cold wallet providers, consider their security measures, and store their private keys securely to minimize the risk of losing their valuable digital assets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Dogecoin (DOGE) Price Prediction Might Follow Bitcoin's (BTC) Direction
- 2025-04-27 23:20:16
- From Unknown to Unstoppable: Top 4 Fastest Growing Cryptos in 2025 Revealed!
- 2025-04-27 23:20:16
- Bitcoin (BTC) Set for Next Major Move as Stablecoin Reserves Signal Bullish Setup
- 2025-04-27 23:15:13
- Introducing Stabull: A New DEX Optimized for Stablecoins and Real World Assets
- 2025-04-27 23:15:13
- A New Challenger Enters the Arena
- 2025-04-27 23:10:12
- El Salvador, the world's first country to adopt Bitcoin as legal tender, is still acquiring Bitcoin despite comments from the International Monetary Fund (IMF) appearing to claim the opposite.
- 2025-04-27 23:10:12
Related knowledge
What to do if the MetaMask transfer address is filled in incorrectly? Can the funds be retrieved?
Apr 27,2025 at 10:56pm
If you have entered an incorrect address when transferring funds using MetaMask, it can be a stressful situation. However, there are steps you can take to try and retrieve your funds. This article will guide you through the process of what to do if you've filled in the wrong address and whether it's possible to get your funds back. Understanding the Iss...
What is a wallet? How does a blockchain wallet store assets?
Apr 27,2025 at 12:42pm
A wallet in the cryptocurrency world is a software program that stores the private and public keys necessary to interact with various blockchains and manage your digital assets. Unlike traditional wallets that hold physical cash, a blockchain wallet does not store the actual cryptocurrencies. Instead, it manages the keys that grant you access to your as...
How do I enable advanced security settings on Keystone Pro?
Apr 26,2025 at 06:43am
Enabling advanced security settings on the Keystone Pro hardware wallet is crucial for safeguarding your cryptocurrency assets. The Keystone Pro, known for its robust security features, offers users the ability to enhance their protection through a variety of settings. In this article, we will walk you through the detailed process of enabling these adva...
How do I set up subaccounts on Keystone Pro?
Apr 27,2025 at 01:00am
Setting up subaccounts on Keystone Pro is an essential feature for users who wish to manage multiple accounts within a single wallet. This functionality allows for better organization and security of your cryptocurrency assets. In this article, we will walk you through the detailed steps required to set up subaccounts on your Keystone Pro hardware walle...
Does Keystone Pro support hardware-signed messages?
Apr 27,2025 at 11:21am
Introduction to Keystone ProThe Keystone Pro is a highly regarded hardware wallet within the cryptocurrency community, designed to provide robust security for managing digital assets. This device supports a variety of cryptocurrencies and offers features such as offline transaction signing, which is crucial for maintaining the security of your funds. On...
How do I view transaction memos on Keystone Pro?
Apr 25,2025 at 09:28pm
Understanding Transaction MemosTransaction memos are short messages that can be attached to cryptocurrency transactions to provide additional context or instructions. These memos are particularly useful for distinguishing between different transactions, especially when sending funds to exchanges or other wallets where multiple transactions might occur. ...
What to do if the MetaMask transfer address is filled in incorrectly? Can the funds be retrieved?
Apr 27,2025 at 10:56pm
If you have entered an incorrect address when transferring funds using MetaMask, it can be a stressful situation. However, there are steps you can take to try and retrieve your funds. This article will guide you through the process of what to do if you've filled in the wrong address and whether it's possible to get your funds back. Understanding the Iss...
What is a wallet? How does a blockchain wallet store assets?
Apr 27,2025 at 12:42pm
A wallet in the cryptocurrency world is a software program that stores the private and public keys necessary to interact with various blockchains and manage your digital assets. Unlike traditional wallets that hold physical cash, a blockchain wallet does not store the actual cryptocurrencies. Instead, it manages the keys that grant you access to your as...
How do I enable advanced security settings on Keystone Pro?
Apr 26,2025 at 06:43am
Enabling advanced security settings on the Keystone Pro hardware wallet is crucial for safeguarding your cryptocurrency assets. The Keystone Pro, known for its robust security features, offers users the ability to enhance their protection through a variety of settings. In this article, we will walk you through the detailed process of enabling these adva...
How do I set up subaccounts on Keystone Pro?
Apr 27,2025 at 01:00am
Setting up subaccounts on Keystone Pro is an essential feature for users who wish to manage multiple accounts within a single wallet. This functionality allows for better organization and security of your cryptocurrency assets. In this article, we will walk you through the detailed steps required to set up subaccounts on your Keystone Pro hardware walle...
Does Keystone Pro support hardware-signed messages?
Apr 27,2025 at 11:21am
Introduction to Keystone ProThe Keystone Pro is a highly regarded hardware wallet within the cryptocurrency community, designed to provide robust security for managing digital assets. This device supports a variety of cryptocurrencies and offers features such as offline transaction signing, which is crucial for maintaining the security of your funds. On...
How do I view transaction memos on Keystone Pro?
Apr 25,2025 at 09:28pm
Understanding Transaction MemosTransaction memos are short messages that can be attached to cryptocurrency transactions to provide additional context or instructions. These memos are particularly useful for distinguishing between different transactions, especially when sending funds to exchanges or other wallets where multiple transactions might occur. ...
See all articles
