Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity following a security breach that impacted 1,590 crypto wallets. The company has assured users that the breach has been “mitigated” and updates will be provided in due course.
CoinStats Responds to Security Incident
In a June 22 X post, CoinStats announced the suspension of its application to address the security incident. “The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” the post read. CoinStats reported that only 1.3% of all CoinStats wallets were affected, totaling 1,590 wallets. The company emphasized that none of the connected wallets and centralized exchanges (CEXes) were impacted.
Extent of the Breach Remains Unclear
While CoinStats has not disclosed the full extent of the impact, it promised to provide updates as more information becomes available. The platform assured users that, since it requests read-only access to connected wallets, users’ holdings remain secure under any circumstances.
CoinStats serves as a portfolio tracker, allowing users to view all their wallets in one place. The company has published a Google document listing all currently affected wallets, advising users to move their funds immediately using their exported private keys. However, CoinStats warned users to be cautious of scammers who might exploit the situation.
Community Cautions Against Scammers
Crypto community members have warned victims to beware of scammers pretending to offer assistance. “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,” warned pseudonymous crypto commentator PPman.
Rise in Security Breaches in the Crypto Industry
This incident follows a series of security breaches affecting various crypto platforms. Recently, crypto data aggregator CoinGecko confirmed a data breach involving its third-party email management platform, GetResponse. On June 5, attackers managed to export the contact information of over 1.9 million CoinGecko users.
Additionally, on June 12, Crystal Intelligence revealed that the crypto industry has faced 785 reported hacks and exploits over the past 13 years. Nearly $19 billion worth of digital assets have been stolen since the first known crypto hack on June 19, 2011.
