ShapeShift Leads the Week in Crypto News

ShapeShift Leads the Week in Crypto News

What’s new this week with cryptocurrency? It seems like virtual finance just can’t escape the spotlight, and no matter where you look, there’s always something going on. ShapeShift found itself in the spotlight this week, experiencing a hot wallet hack. Things started out ugly when the digital currency exchange ShapeShift experienced a hot wallet theft that caused a temporary closure of its website’s current trading system. Cyber-attacks are nothing new when it comes to bitcoin, but ShapeShift is now claiming the hack came by way of an insider.


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ShapeShift Raises £525k, Reveals its Mysterious Creator

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ShapeShift Will Cease To Exist As A Company. It’ll Be Reborn In Another… Shape

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In yet another attack on an online cryptocurrency exchange, Shapeshift.io went down for a couple days while they dealt with some malicious intrusion into their server, assessing the damage and keeping their customer base aware of the status the entire time. Within a day of knowing that something wasn’t right with their servers, Shift.io immediately shut down trading and their website and notified customers via a Reddit post. In the post on Reddit, Shapeshift.io’s CEO Erik Voorhees stated that not a cent of customer money went missing during the attack, which was luckily a product of....