Security

<h4><strong>Crypto portfolio manager CoinStats has <a href="https://x.com/CoinStats/status/1805234803265974382" target="_blank" rel="noopener">announced</a> the resumption of some functionalities days after temporarily shutting down user activity. </strong></h4> 
<p>This came after the platform suffered a security breach that affected around 1500 users. Let’s discover more about this problem from CoinStats.</p> 
<h5><strong>CoinStats Resumes Operations After Security Breach</strong></h5> 
<p>Some resumed functionalities include adding transactions, portfolio charts, and sync. In addition, CoinStats plans to resume other support, like Binance sync, in the coming hours.</p> 
<p>Reports emerged on June 22nd that CoinStats had suffered a security breach that affected around 1500 users. As per online sources, the breach drained around $2 million. Furthermore, CoinStats later confirmed that breach. It noted that the hack did not compromise external wallets.</p> 
<p><img decoding="async" class="wp-image-144046 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdgfdfghg-273x300.png" alt="" width="437" height="480" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdgfdfghg-273x300.png 273w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdgfdfghg-383x420.png 383w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdgfdfghg.png 398w" sizes="(max-width: 437px) 100vw, 437px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CoinStats/status/1805234803265974382" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The platform said in a statement, “‘None of the connected wallets and CEXes were impacted. Thanks to the immediate incident response from the CoinStats team, only 1.3% of all CoinStats wallets were affected, totaling 1,590 wallets.” Although CoinStats claimed external wallets were safe from the attack, some users contradicted the exchange, revealing that they suffered losses in their wallets.</p> 
<h5><strong>More About CoinStat’s Issue</strong></h5> 
<p>Sources claimed that the attack was a <a href="https://www.altcoinbuzz.io/?s=phishing" target="_blank" rel="noopener">phishing scheme</a> that affected users with iOS devices on Saturday. The incident left CoinStats with negative reviews on X, with many threatening to quit the platform. CoinStat gained fame for enabling users to connect all their crypto wallets and use it as an overall wallet tracker. This means they can easily view all their wallets in one place. Here is a couple of tweets from CoinStat’s CEO:</p> 
<p><img decoding="async" class="wp-image-144047 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvsdfsfee-300x225.png" alt="" width="468" height="351" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvsdfsfee-300x225.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvsdfsfee-80x60.png 80w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvsdfsfee-265x198.png 265w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvsdfsfee.png 394w" sizes="(max-width: 468px) 100vw, 468px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/narek_gevorgyan/status/1804888083227124216" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The portfolio manager’s CEO, Narek Gevorgyan, hinted that the attack was part of a strike from North Korea. As of press time, there is no official confirmation from authorities on North Korea’s involvement.</p> 
<p><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" alt="" width="1197" height="148" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" sizes="(max-width: 1197px) 100vw, 1197px"></p> 
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<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinstats-announces-the-resumption-of-user-activities-after-hack/">CoinStats Announces the Resumption of User Activities After Hack</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

CoinStats Announces the Resumption of User Activities After Hack

Altcoin Buzz

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