The PayFair project, an Ethereum-based startup that has been around for about three years, closed its site temporarily due to a compromised private key on its chief cold wallet. The funds were moved from the hacked wallet into a still unrevealed new cold storage. PayFair Site Closed to Prevent Further Attacks PayFair caused panic as its site closed, generating rumors of an exit scam, especially as one of its chief cold wallets was emptied. ButRead MoreThe post PayFair Cold Wallet Hacked, Escrow Closed appeared first on Bitcoinist.com.
