Share this article
Bitcoin Startup KeepKey Ends Support For Multibit Wallet Software
The long-running bitcoin wallet Multibit is being discontinued, the firm that bought it last year has announced.
By Wolfie Zhao
Updated Sep 13, 2021, 6:46 a.m. Published Jul 27, 2017, 10:00 p.m.
The long-running bitcoin wallet Multibit is being discontinued, the firm that bought it last year has announced.
Dating back to 2011, Multibit was a popular choice among community members, hitting a one-million-downloads milestone in early 2014. And as CoinDesk reported in May of last year, hardware wallet provider KeepKey moved to acquire Multibit for an undisclosed amount that was denominated in bitcoin. The original developers behind Multibit departed the project following the sale.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Just over a year later, KeepKey CTO Ken Hodler has announced the startup will no longer maintain the wallet software.
The reason: the code, according to Hodler, is in dire need of a reworking, especially in the light of an overall increase in network fees as well as forthcoming changes to bitcoin's code aimed at increasing the thoughput of transactions.
He wrote in a blog post yesterday:
"The reality is that Multibit is in need of a lot of work. It has stubborn bugs that have caused us and Multibit users much grief. Additionally, bitcoin has gone through a fundamental change in regards to the way fees work. The addition of SegWit in the coming weeks will mean the Multibit software has fallen still further behind."
Support for the software, Hodler said, will be ending effective immediately, and he suggested that users move their funds to another wallet. He concluded the post by thanking the past developers of the wallet software.
"Multibit was a fantastic piece of software in its time, and we want to thank the Multibit developers for such an important contribution to Bitcoin's history," he wrote.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Top Stories
