Leap Wallet
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 52 → 50. Problems weighed by who is responsible: problems around the subject, caused by others −4, concerns that are not fraud −3.2; legitimacy credit long-running +8; no longer operating, so capped at 50; fact-check adjustments (+10) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Problems around it, caused by others | -4 |
| Long-running | +8 |
| Sum | 66 |
- No longer operating, so capped at 50.
Score: 50/100 (kept between 0 and 100)
How scoring works →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
12 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Ctrl Wallet — Security Exploit and Forced Shutdown→mentioned with→Phantom Wallet(60%)
- Phantom Wallet→mentioned with→Ethereum(70%)
- Phantom Wallet→mentioned with→Solana(80%)
- Phantom Wallet→mentioned with→Bitcoin(70%)
- Leap Wallet→mentioned with→Solana(65%)
- Leap Wallet→mentioned with→Bitcoin(60%)
- Leap Wallet→mentioned with→Drift(75%)
- Leap Wallet→mentioned with→Ethereum(60%)
- Leap Wallet→mentioned with→Phantom Wallet(60%)
- + 18 more
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.news5 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 WireMay 2022
Terra blockchain collapses. Terraform Labs — an investor in Leap — fails. Leap begins pivoting to the broader Cosmos ecosystem.
CoinDesk / FinanceFeedsJuly 2022
Leap begins building on the Cosmos interchain. Within approximately one year, the team reports over 300,000 users across its product suite.
Crypto.news3 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 / KuCoin28 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 Briefing4 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 TimesDecision Log
- slot 457914763 · hash hr32AS7WHJtXK7K1TB6sMoNZtb4NnVmbi71Qzr6hJoK
- slot 455369903 · hash BqZHEMQtA4Zsi8VDw3xJZCxhqxiHQGZjLqGeJPP6faPQ
- slot 443513031 · hash 98oP93DNoRRyxMpVk7xA8ugp12m4U2THT85TqGHqXrKx
- slot 443513028 · hash E6N2ctHgQHxq5hrZwWqb3cgMH7xfBsXsupdPhEMbxbvQ
- slot 443508704 · hash 8wso7hGS4M7rPTPbBYH8B49E4G42d5mB5e8hVvS3gy7V
- slot 443508690 · hash 575ZJCck7aec8iJi5UvVS3kCyNCPFBuWiuUJn7anSG6F
- slot 443507939 · hash 55LgoTnT19ZMmSUQtXhZ7Yq8eDoPDKe6pxxNdA6yLHgV
This investigation is cryptographically anchored to the Solana blockchain (7 decisions). 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: 10/10/2026, 6:49:47 PM
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