BTCPay Server Investigates Reports of Hot Wallet Drains
(2 hours ago) · 1 source · Summarized by CryptoBipto
BTCPay Server, an open-source payment processor for Bitcoin, is investigating reports that some users' hot wallets have been drained. The scope and cause of the issue remain unclear as the investigation is ongoing. Users have been advised to review their security practices while the team looks into the matter.
WHY IT MATTERS
A hot wallet is like a wallet you carry in your pocket — it is connected to the internet and ready to use for payments, but that also makes it more vulnerable to theft compared to a cold wallet, which is kept offline like money in a safe.
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SOURCES
- beincrypto.com
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