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# Hot Wallet News

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 their attack. Binance's SAFU Breached Binance discovered a large scale...
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 becoming a clear and present danger. FSA Urges Greater Security...
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 all crypto users are concerned about the possibility of their...
March 7, 2019 by at Altcoins, News, Tech, wallet
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 users about a bug that sends fake deposits to exchanges....
February 20, 2019 by at Altcoins, Business, Exchange, News
A startup by the name of BitGo Inc. could be the answer to the menace of losing private keys of cold-storage crypto wallets, reports Bloomberg, February 19, 2019. Can too Much Safety Be Fatal? The recent fiasco surrounding the death of the CEO of Canadian cryptocurrency exchange Quadriga CX has...
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