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CoinStats Announces the Resumption of User Activities After Hack
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Crypto portfolio manager CoinStats has announced the resumption of some functionalities days after temporarily shutting down user activity.
This came after the platform suffered a security breach that affected around 1500 users. Let’s discover more about this problem from CoinStats.
CoinStats Resumes Operations After Security Breach
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.
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.
Source: X
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.
More About CoinStat’s Issue
Sources claimed that the attack was a phishing scheme 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:
Source: X
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.
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June 26, 2024 at 07:03AM
June 26, 2024 at 07:05AM
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