Bitcoin and cryptocurrency exchange CoinWallet.co has announced that they will be closing the business effective May 1 following a data breach.
According to the closure announcement post, the hack occurred April 6 and involved the person behind the attack inserting bad code in a recently added feature that allowed user input.
Encrypted details of user passwords were obtained by the hacker, however, a backup security system prevented the theft of any funds.
The vulnerability has since been patched although the company added that they were still trying to determine the extent of the breach; staff have since force changed passwords but recommend users change their passwords on any other crypto related websites they have if they use the same password.
“We used encrypted and salted passwords but given enough time these should be assumed compromised,” they noted.
Not worth it
Despite the fact that the vulnerability has