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Leap Wallet

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Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·39nQTb…Aq5w

Summary

Leap Wallet was a non-custodial multi-chain crypto wallet founded in 2021 and backed by $3.2 million from Pantera Capital and CoinFund. Originally built for the Terra ecosystem, it pivoted to Cosmos after Terra's 2022 collapse and grew to support 100+ chains. On April 3, 2026, the team announced permanent cessation of all products effective May 28, 2026, without disclosing a specific reason, creating an eight-week compressed migration window that raised user security concerns.

Connected Entities

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Leap Wallet
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    Timeline(7 events)

    November 2021

    Leap Wallet founded by Sanjeev Rao in Vancouver, British Columbia, with a $50,000 grant from Terraform Labs. Initial product is a Terra ecosystem browser extension.

    FinanceFeeds / Crypto.news

    5 April 2022

    Leap announces $3.2 million private token sale co-led by CoinFund and Pantera Capital, with participation from Arrington Capital, Accel, and Terraform Labs. Implied valuation approximately $40 million.

    Business Wire

    May 2022

    Terra blockchain collapses. Terraform Labs — an investor in Leap — fails. Leap begins pivoting to the broader Cosmos ecosystem.

    CoinDesk / FinanceFeeds

    July 2022

    Leap begins building on the Cosmos interchain. Within approximately one year, the team reports over 300,000 users across its product suite.

    Crypto.news

    3 April 2026

    Leap Wallet announces permanent shutdown of all products effective May 28, 2026. Affected products include the browser extension, iOS and Android apps, Compass Wallet, Swapfast, the Leap Cosmos Hub validator, and Leap Cosmos Snaps. No specific reason disclosed.

    The Block / Crypto Briefing / KuCoin

    28 May 2026

    All Leap Wallet products permanently cease operation. The leapwallet.io domain displays a farewell page. Users who have not exported recovery phrases by this date must retain their seed phrase to recover funds via a compatible wallet.

    Leap Wallet official page / Crypto Briefing

    4 August 2026

    Crypto Times reports that over 100 crypto projects shut down in H1 2026, citing RootData data, listing Leap Wallet among the closures and attributing the broader wave to financial exhaustion rather than fraud.

    Crypto Times
    Provenance & Audit Trail

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (5 events). 14 of 15 cited source URLs have an Internet Archive snapshot.

    model: claude-sonnet-4-6

    generated: 8/15/2026, 11:22:23 PM

    last updated: 8/25/2026, 9:04:35 AM

    4 views

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