CoinStats, a popular portfolio tracker for cryptocurrency users, recently experienced a security breach that affected a total of 1,590 wallets. The breach occurred when iOS and Android users received suspicious notifications promising rewards, leading them to a shady website prompting them to download another application.
After investigating the issue, CoinStats confirmed that the security incident only impacted wallets created directly within their platform, not external wallets connected to it. As a precautionary measure, CoinStats advised affected users to move their funds to a secure location and temporarily shut down the application to isolate the incident.
Despite the breach affecting a small percentage of CoinStats wallets, the platform has taken proactive steps to mitigate the attack and ensure the safety of its users’ funds. They have provided a list of affected wallets in a Google Doc for users to reference and have switched user wallet settings to read-only mode while they continue to investigate the situation.
While CoinStats reassures users that the damages caused by the breach are minimal, there have been reports of funds being drained from external wallets connected to the platform. The true extent of the attack will be revealed in future updates from CoinStats as they work to resolve the issue and enhance their security measures.
This incident serves as a reminder of the importance of safeguarding cryptocurrency investments and being cautious of suspicious notifications or requests for personal information. Users are advised to regularly monitor their accounts, use strong passwords, and enable two-factor authentication to protect their funds from potential security threats in the ever-evolving crypto landscape.