Sentences with phrase «instead of hot wallets»

The exchange uses a cold storage system today instead of hot wallets, and also offers extremely competitive trading fees.

The exchange uses a cold storage system today instead of hot wallets.

Not exact matches

Coincheck said the NEM coins were stored in a «hot wallet» instead of a «cold wallet.»

In their online apology, the operators of Coincheck have admitted that the hacked deposits were in a «hot wallet» (connected to the internet instead of being offline) and that this was due to «staff shortages».

According to Coincheck representatives, hackers were able to steal the private key for the exchanges NEM wallet, which was stored in a hot wallet instead of a more secure multi-signature wallet.