The company has cleared its database and deleted its website.
After the reported leak of more than 200,000 snapchat photos, Snapsaved.com has claimed responsibility of the incident.
The website allows users to save the self destructive snapchat images without the knowledge or consent of the sender.
Snapsaved.com claimed that hackers did manage gain access to its servers and took around 500 megabytes of photographs.
However, Snapsaved.com said on Facebook page that it has cleared its database and deleted the website.
The post also clarified the previous reports that claimed Snapchat was hacked, which the company denied as saying: "We can confirm that Snapchat’s servers were never breached and were not the source of these leaks.
Hackers have threatened to release the images via an indexed online database, which has raised concerns amongst the app makers and users because the leaked images could contain racy images of minors.
Snapsaved.com has apologised to Snapchat users saying: "We did not wish to cause Snapchat or their users any harm, we only wished to provide a unique service."
Reports suggest that Snapchat is raising funds to get valuation of $10bn and the new security breach, even though not caused by Snapchat could be a dampener ahead of its fund raising plan.