Cryptocurrency

Crystal

Security

Rare

Cryptocurrency portfolio manager <a href="https://coinstats.app/" data-wpel-link="external" target="_blank" rel="nofollow external noreferrer">CoinStats</a> has suspended user activity temporarily following a security breach that impacted 1,590 crypto wallets. 
“The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” CoinStats wrote in a June 22 X post. 
“Thanks to the immediate incident response from the CoinStats team, only 1.3% of all CoinStats Wallets were affected, totaling 1,590 wallets,” it added, emphasizing that “none of the connected wallets and CEXes were impacted.” 
The full extent of the security breach’s impact remains undisclosed, but CoinStats has promised to provide “updates as soon as they become available.” 
On its website, CoinStats claims that since it “asks for read-only access” to connected crypto wallets, users’ holdings remain “perfectly safe under any conditions.” 
CoinStats enables users to connect all their crypto wallets, serving as a comprehensive crypto portfolio tracker that allows viewing all wallets in one place. 
The platform has published a Google document listing the currently affected crypto wallets, noting that the list “might change” as the investigation continues, though significant changes are not expected. 
“If your wallet address is in this affected list, please move your funds immediately using your exported private key,” CoinStats advised. 
Meanwhile, members of the crypto community have warned victims to be wary of scammers pretending to offer assistance. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/bitcoin-faces-rare-fud-surge-amid-sideways-trading-analysts-predict-potential-price-surge/" data-wpel-link="internal">Bitcoin Faces Rare ‘FUD’ Surge Amid Sideways Trading, Analysts Predict Potential Price Surge</a> 
“Scammers are smart. If your addy is in this list or if you’ve used coinstats and posted about it scammers may be trying to reach out to you to “help” you. 
“Do not trust anyone,” pseudonymous crypto commentator PPman wrote. 
This incident follows a series of security breaches affecting other crypto platforms. 
Recently, crypto data aggregator CoinGecko confirmed a data breach suffered by its third-party email management platform GetResponse, exposing the contact information of over 1.9 million CoinGecko users. 
Additionally, on June 12, Crystal Intelligence reported that the crypto industry has faced 785 hacks and exploits over the past 13 years, resulting in nearly $19 billion worth of digital assets being stolen since the first known crypto hack in 2011. 
Cointelegraph reached out to CoinStats for comment but did not receive a response in time for publication. 
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk">sales@cryptointelligence.co.uk</a>.

CoinStats Temporarily Halts Activity After Security Breach Affecting 1,590 Crypto Wallets

Crypto Intelligence

Other articles published on Jun 24, 2024

What Is ZKsync and How Does It Work?

MoonBag Best Crypto Presale in June 2024 Soars for the Stars with 88% APY on Staking as Near Prot...

Best Crypto Presale in June 2024: MoonBag Enjoys Investor's Admiration, Kangamoon, and Arweave Be...

Fintech startup Taurus expands custody and issuance platforms to Stellar

Bitcoin (BTC) Price Prediction for June 24

Hong Kong, which introduced Bitcoin and Ethereum ETFs in April, has carried out another study on ...

Join our free newsletter for daily crypto updates!