Audit log

Every state-changing event for Leap Wallet: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-08-15 23:22:30Z
   Score: ? → ? (no score change)
   anchorpending

   chain

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   hash

   55LgoTnT19ZM…dA6yLHgVcopysha256 → base58

   verifying row…

   canonical bytes (18409 B) ▸

   {"actor":"system:backfill","investigation_id":"01cb5f02-6492-421b-95ca-fdfb1fe32127","kind":"publish","page_slug":"leap-wallet","published_at":"2026-08-15T23:22:30.103Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Leap Wallet","sections":[{"content":"Leap Wallet was founded in November 2021 by Sanjeev Rao, based in Vancouver, British Columbia, Canada. The wallet launched initially with a $50,000 grant from Terraform Labs and was designed as a non-custodial browser extension for the Terra blockchain, supporting LUNA staking, NFT trading, and DeFi integrations such as Anchor and Mirror. Following Terra's catastrophic collapse in May 2022, Leap pivoted to the broader Cosmos ecosystem — a natural transition given that Terra was built on the Cosmos SDK. By mid-2023, the team reported over 300,000 users across its product suite. At peak, Leap supported more than 100 blockchain networks including Cosmos SDK chains, Ethereum and EVM-compatible networks, Solana, Sui, and Bitcoin.","heading":"Background and History","severity":"low","sources":[{"credibility":1,"name":"Terra Wallet Leap Raises $3.2M in Private Token Sale — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/04/05/terra-wallet-leap-raises-32m-in-private-token-sale"},{"credibility":2,"name":"Leap Wallet to Shut Down After Pivot From Terra Ecosystem — FinanceFeeds","type":"news_article","url":"https://financefeeds.com/leap-wallet-to-shut-down-after-pivot-from-terra-ecosystem/"},{"credibility":2,"name":"Terra-born Leap Wallet exits crypto market by May 28 — Crypto.news","type":"news_article","url":"https://crypto.news/terra-born-leap-wallet-exits-crypto-market-by-may-28/"}]},{"content":"On April 5, 2022, Leap announced a $3.2 million private token sale co-led by CoinFund and Pantera Capital, with additional participation from Arrington Capital, Accel, and Terraform Labs. The round implied a valuation of approximately $40 million based on the private sale allocation described in the project's litepaper. The proceeds were directed toward engineering, design, product development, and marketing. The funding was announced via Business Wire and reported by CoinDesk. No subsequent funding rounds were publicly disclosed. Terraform Labs — one of the investors — collapsed in May 2022 alongside the Terra blockchain; no information is available on whether this affected Leap's capitalization.","heading":"Funding and Investors","severity":"low","sources":[{"credibility":1,"name":"Leap Announces $3.2 Million Private Sale, Co-Led by CoinFund and Pantera Capital — Business Wire","type":"official","url":"https://www.businesswire.com/news/home/20220405005197/en/Leap-Announces-%243.2-Million-Private-Sale-Co-Led-by-Blockchain-Focused-Investment-Firms-CoinFund-and-Pantera-Capital"},{"credibility":1,"name":"Terra Wallet Leap Raises $3.2M in Private Token Sale — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/04/05/terra-wallet-leap-raises-32m-in-private-token-sale"}]},{"content":"On April 3, 2026, Leap Wallet announced the permanent cessation of all products effective May 28, 2026. The shutdown encompassed the browser extension, iOS and Android mobile apps, the Leap WebApp, the Compass Wallet (an EVM-focused companion product), the Swapfast trading tool, the Leap Cosmos Hub validator, and Leap Cosmos Snaps. The team's public statement read: 'This decision was not made lightly,' and noted continued belief 'in the long-term future of crypto and the interchain ecosystem.' No specific operational, financial, or strategic reason was disclosed for the closure. The official leapwallet.io domain was converted to a sunset page displaying only farewell messages from the team. Community response was largely respectful, with Keplr co-founder Josh Lee writing: 'Huge respect for all you guys have built. Wishing the team the best in their next steps,' and Keystone Wallet writing: 'Nothing but respect for this team. You shipped hard.'","heading":"Shutdown Announcement and Scope","severity":"medium","sources":[{"credibility":1,"name":"Cosmos ecosystem's Leap Wallet is shutting down — The Block","type":"news_article","url":"https://www.theblock.co/post/396325/cosmos-ecosystems-leap-wallet-is-shutting-down"},{"credibility":2,"name":"Cosmos-first Leap Wallet to cease operations on May 28, users urged to migrate — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/leap-wallet-cease-operation-migrate-users/"},{"credibility":2,"name":"Leap Wallet to Shut Down on May 28, 2026, Forcing Cosmos Users to Migrate — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/leap-wallet-to-shut-down-on-may-28-2026-forcing-cosmos-users-to-migrate"},{"credibility":1,"name":"Leap Wallet official sunset page — leapwallet.io","type":"official","url":"https://www.leapwallet.io/"}]},{"content":"Leap Wallet provided no specific explanation for the shutdown despite having raised $3.2 million in institutional funding and operating for over four years. Industry analysis in mid-2026 attributed wallet-sector failures broadly to a combination of factors including venture capital contraction (crypto startups raised approximately $4 billion in Q1 2026, a reported 50% decline from the prior quarter), collapse of token-based compensation models, increasing cost of enterprise-grade security audits, and the difficulty of sustaining multi-chain infrastructure without dominant ecosystem alignment or clear revenue models. The Crypto Times, citing RootData data, characterized Leap's closure as part of a 'structural cull' of projects experiencing 'financial exhaustion' and an 'empty treasury,' though this characterization was not confirmed by Leap Wallet itself. No court filings, regulatory actions, or fraud allegations have been identified in connection with the shutdown. The lack of a stated reason is notable given the project's institutional backing and user base of hundreds of thousands, but the non-custodial architecture means no user funds were held by the company at the time of closure.","heading":"Absence of Disclosed Reason and Transparency Concerns","severity":"medium","sources":[{"credibility":2,"name":"From BitMEX to Leap Wallet: 100+ Crypto Projects Have Shut Down in H1 2026 — Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/08/04/from-bitmex-to-leap-wallet-100-crypto-projects-have-shut-down-in-h1-2026/"},{"credibility":2,"name":"Cosmos Ecosystem Focused Leap Wallet To Shut Down Operations — Crowdfund Insider","type":"news_article","url":"https://www.crowdfundinsider.com/2026/04/271130-cosmos-ecosystem-focused-leap-wallet-to-shut-down-operations/"}]},{"content":"Because Leap operated as a non-custodial wallet, all user funds remained on-chain and were never held by the company. Assets were not at risk of seizure or loss by the company. However, users were required to export their recovery phrases or private keys before May 28, 2026, and import them into compatible wallets such as Keplr, MetaMask, Phantom, or Rabby. The migration window from announcement to shutdown was approximately eight weeks. Users who staked ATOM with Leap's Cosmos Hub validator faced an additional time-sensitive action: redelegating their stake to another validator before the shutdown to avoid the 21-day ATOM unbonding lockup period, during which staked tokens earn no rewards. Users holding MANTRA tokens were directed to use MANTRA Chain's bridge tool for Cosmos-to-EVM transfers. After the May 28 shutdown date, users who retained their seed phrases remained able to recover assets indefinitely by importing into any compatible wallet.","heading":"User Impact and Migration Window","severity":"medium","sources":[{"credibility":2,"name":"Leap Wallet Shutdown Forces Mass Cosmos Migration: Users Race Against the Clock — Yahoo Finance / BeInCrypto","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/leap-wallet-shutdown-forces-mass-105929956.html"},{"credibility":2,"name":"Leap Wallet Shutdown Forces Mass Cosmos Migration — Crypto Adventure","type":"news_article","url":"https://cryptoadventure.com/leap-wallet-shutdown-forces-mass-cosmos-migration-users-race-against-the-clock/"},{"credibility":2,"name":"Cosmos-first Leap Wallet to cease operations on May 28, users urged to migrate — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/leap-wallet-cease-operation-migrate-users/"}]},{"content":"The compressed eight-week migration window created an elevated attack surface for social engineering and phishing campaigns. The migration process required users to export and re-enter their seed phrases — the single credential that controls all funds in a non-custodial wallet. According to migration guidance published by Atomic Wallet, users were warned that legitimate Web3 wallets never request seed phrases from users in support contexts, and that AI-generated phishing pages and pixel-perfect fake wallet interfaces were active threats in 2026. A suspicious domain, leapwallet.lu, appeared in search results claiming to serve as a migration resource under the guise of the official Leap Wallet product; this domain is not affiliated with the official leapwallet.io and should be treated with extreme caution. No verified reports of a specific large-scale phishing campaign targeting Leap Wallet users have been identified via Tier 1 or Tier 2 sources as of the date of this investigation. Users who have already completed migration and no longer hold credentials on the original Leap installation are no longer exposed to this risk.","heading":"Phishing and Social Engineering Risk During Migration","severity":"high","sources":[{"credibility":3,"name":"Leap Wallet Is Shutting Down: How to Recover Crypto with Seed Phrase and Migrate — Atomic Wallet","type":"other","url":"https://atomicwallet.io/academy/articles/leap-wallet-shutdown-recover-crypto-seed-phrase-migrate"},{"credibility":2,"name":"Leap Wallet Shutdown Forces Mass Cosmos Migration: Users Race Against the Clock — Yahoo Finance / BeInCrypto","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/leap-wallet-shutdown-forces-mass-105929956.html"}]},{"content":"Leap Wallet's closure was one of five crypto wallet shutdowns documented in 2026, alongside Spell Wallet, HaHa Wallet, Magic Eden Wallet, and Ctrl Wallet. According to RootData data reported by Crypto Times, over 100 crypto projects shut down in the first half of 2026, with the wave attributed primarily to financial exhaustion rather than fraud. Concurrent with Leap's closure in the same week were the shutdowns of Dmail, Yupp AI, and Magic Eden Wallet, as well as the $285 million Drift Protocol exploit on Solana. Industry analysts noted that wallet businesses face structurally difficult monetization without dominant single-ecosystem alignment, and that the multi-chain expansion model pursued by Leap carried high ongoing infrastructure costs.","heading":"Broader Industry Context: H1 2026 Wallet and Project Closures","severity":"low","sources":[{"credibility":2,"name":"From BitMEX to Leap Wallet: 100+ Crypto Projects Have Shut Down in H1 2026 — Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/08/04/from-bitmex-to-leap-wallet-100-crypto-projects-have-shut-down-in-h1-2026/"},{"credibility":3,"name":"HaHa Wallet Confirms Shutdown: Why 5 Crypto Wallets Are Folding in 2026 — NullTX","type":"news_article","url":"https://nulltx.com/haha-wallet-confirms-shutdown-why-5-crypto-wallets-are-folding-in-2026/"},{"credibility":2,"name":"Over 20 Crypto Projects Are Shutting Down in the First Half of 2026 — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/over-20-crypto-projects-shutting-072928774.html"}]}],"sources_used":[{"credibility":1,"name":"Cosmos ecosystem's Leap Wallet is shutting down — The Block","type":"news_article","url":"https://www.theblock.co/post/396325/cosmos-ecosystems-leap-wallet-is-shutting-down"},{"credibility":1,"name":"Terra Wallet Leap Raises $3.2M in Private Token Sale — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/04/05/terra-wallet-leap-raises-32m-in-private-token-sale"},{"credibility":1,"name":"Leap Announces $3.2 Million Private Sale, Co-Led by CoinFund and Pantera Capital — Business Wire","type":"official","url":"https://www.businesswire.com/news/home/20220405005197/en/Leap-Announces-%243.2-Million-Private-Sale-Co-Led-by-Blockchain-Focused-Investment-Firms-CoinFund-and-Pantera-Capital"},{"credibility":2,"name":"Cosmos-first Leap Wallet to cease operations on May 28, users urged to migrate — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/leap-wallet-cease-operation-migrate-users/"},{"credibility":2,"name":"Leap Wallet to Shut Down on May 28, 2026, Forcing Cosmos Users to Migrate — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/leap-wallet-to-shut-down-on-may-28-2026-forcing-cosmos-users-to-migrate"},{"credibility":2,"name":"Cosmos Ecosystem Focused Leap Wallet To Shut Down Operations — Crowdfund Insider","type":"news_article","url":"https://www.crowdfundinsider.com/2026/04/271130-cosmos-ecosystem-focused-leap-wallet-to-shut-down-operations/"},{"credibility":2,"name":"Leap Wallet Shutdown Forces Mass Cosmos Migration: Users Race Against the Clock — Yahoo Finance / BeInCrypto","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/leap-wallet-shutdown-forces-mass-105929956.html"},{"credibility":2,"name":"Leap Wallet Shutdown Forces Mass Cosmos Migration — Crypto Adventure","type":"news_article","url":"https://cryptoadventure.com/leap-wallet-shutdown-forces-mass-cosmos-migration-users-race-against-the-clock/"},{"credibility":2,"name":"From BitMEX to Leap Wallet: 100+ Crypto Projects Have Shut Down in H1 2026 — Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/08/04/from-bitmex-to-leap-wallet-100-crypto-projects-have-shut-down-in-h1-2026/"},{"credibility":3,"name":"HaHa Wallet Confirms Shutdown: Why 5 Crypto Wallets Are Folding in 2026 — NullTX","type":"news_article","url":"https://nulltx.com/haha-wallet-confirms-shutdown-why-5-crypto-wallets-are-folding-in-2026/"},{"credibility":2,"name":"Terra-born Leap Wallet exits crypto market by May 28 — Crypto.news","type":"news_article","url":"https://crypto.news/terra-born-leap-wallet-exits-crypto-market-by-may-28/"},{"credibility":2,"name":"Leap Wallet to Shut Down After Pivot From Terra Ecosystem — FinanceFeeds","type":"news_article","url":"https://financefeeds.com/leap-wallet-to-shut-down-after-pivot-from-terra-ecosystem/"},{"credibility":3,"name":"Leap Wallet Is Shutting Down: How to Recover Crypto with Seed Phrase and Migrate — Atomic Wallet","type":"other","url":"https://atomicwallet.io/academy/articles/leap-wallet-shutdown-recover-crypto-seed-phrase-migrate"},{"credibility":2,"name":"Over 20 Crypto Projects Are Shutting Down in the First Half of 2026 — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/over-20-crypto-projects-shutting-072928774.html"},{"credibility":1,"name":"Leap Wallet official sunset page — leapwallet.io","type":"official","url":"https://www.leapwallet.io/"}],"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.","timeline":[{"date":"2021-11-01","event":"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.","source":"FinanceFeeds / Crypto.news","source_url":"https://financefeeds.com/leap-wallet-to-shut-down-after-pivot-from-terra-ecosystem/"},{"date":"2022-04-05","event":"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.","source":"Business Wire","source_url":"https://www.businesswire.com/news/home/20220405005197/en/Leap-Announces-%243.2-Million-Private-Sale-Co-Led-by-Blockchain-Focused-Investment-Firms-CoinFund-and-Pantera-Capital"},{"date":"2022-05-01","event":"Terra blockchain collapses. Terraform Labs — an investor in Leap — fails. Leap begins pivoting to the broader Cosmos ecosystem.","source":"CoinDesk / FinanceFeeds","source_url":"https://www.coindesk.com/business/2022/04/05/terra-wallet-leap-raises-32m-in-private-token-sale"},{"date":"2022-07-01","event":"Leap begins building on the Cosmos interchain. Within approximately one year, the team reports over 300,000 users across its product suite.","source":"Crypto.news","source_url":"https://crypto.news/terra-born-leap-wallet-exits-crypto-market-by-may-28/"},{"date":"2026-04-03","event":"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.","source":"The Block / Crypto Briefing / KuCoin","source_url":"https://www.theblock.co/post/396325/cosmos-ecosystems-leap-wallet-is-shutting-down"},{"date":"2026-05-28","event":"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.","source":"Leap Wallet official page / Crypto Briefing","source_url":"https://www.leapwallet.io/"},{"date":"2026-08-04","event":"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.","source":"Crypto Times","source_url":"https://www.cryptotimes.io/2026/08/04/from-bitmex-to-leap-wallet-100-crypto-projects-have-shut-down-in-h1-2026/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 0d8fa22a-9be6-4d81-92f1-c6a0abf225d8copy