‘State Actor’ DDoS Attacks Prod Coinkite to Enter ‘Next Phase’
Bitcoin-based service Coinkite has just recently revealed it will cease its web wallet service to concentrate on hardware initiatives. The “Wind-Down Plan” begins immediately with certain objectives, and in thirty days users will be forced to withdraw funds after logging in. Founded in May of 2012, Coinkite has been a member of the Bitcoin industry for....
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Bitcoin services startup Coinkite has announced that it will soon be dropping its popular and secure bitcoin web wallets, Tor access to users as well as their API in order to focus on hardware-based bitcoin products and services. The phase out from its current roster of services including its web wallet will play out over the next 30 days, Coinkite announced in a blog post today. The company insists that it is moving on to the “next phase” of Coinkite, one which does not involve the web wallet service offered to its customers who include individuals and businesses. In its blog post,....
Prominent bitcoin platform CoinKite which has provided the Bitcoin community with secure and robust multi-sig wallets. Prominent bitcoin platform CoinKite which has provided the Bitcoin community with secure and robust multi-sig wallets, merchant tools and developer API has announced today that the company will terminate its bitcoin web wallet service and developer API. Coinkite emphasizes that the team is still a huge supporter of bitcoin and will continue the development of bitcoin-related products. The Coinkite team stated on their blog that the company will drift apart from its....
Coinkite, the popular wallet and hardware payment network service provider, has announced it is closing down its web wallet to focus on other projects after legal issues and DDoS attacks have impeded the use of the wallet. Hardware products focus. After a noticeable lack in posting on their blog after incredibly frequent posting over the last three years, Coinkite has announced it is shutting down its web wallet service. Users of the service need not worry about the hardware aspect of Coinkite, as that will remain unaffected, and the team in fact hopes to expand it. “We are winding down....
AntPool, BW.com, NiceHash, CKPool and GHash.io are among a number of bitcoin mining pools and operations that have been hit by distributed denial-of-service (DDOS) attacks in recent days. The incidents appear to have begun in the first week of March. For example, on 11th March, AntPool owner Bitmain sent an email to customers disclosing the DDOS attacks and advising external pool users to set up failsafe pools in the event of an outage. According to many of the companies affected by the incidents, those behind the attacks demanded payment in bitcoin in return for stopping the attacks.....
Coinkite, a bitcoin platform that transacts more than 400,000 BTC per month, has reported a bitcoin malleability attack that requires users to be careful about zero confirmation receipts since there are two versions of a transaction (low S high S). Coinkite is requiring one confirmation for deposits before it uses them in a new transaction. Transactions have been modified and rebroadcast with new transaction numbers, indicating a malleability attack. The attacks have occurred over the last 24 to 48 hours. Almost all transactions on the network have suffered the attacks. Customer Funds Not....