CoinWallet is closing down following data breach

Crime | April 14, 2016 By:

CoinWallet has announced that they will be closing the business effective May 1, 2016, following a data breach incident that occurred on April 6, 2016.

“This incident prompted us to reassess the viability of running coinwallet.co and it was decided it is just not viable taking into consideration the risk, costs and time involved,” said CoinWallet.

CoinWallet users are advised to withdraw all their coins before May 1, 2016. Since coins weren’t affected by the breach, they are available for immediate withdrawal.

CoinWallet is an online bitcoin and multicoin wallet service based in London.