Cryptocurrencies

Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity after an incident.

Cryptocurrency wallet manager CoinStats has temporarily suspended user activity following a security breach affecting 1,590 cryptocurrency wallets.

“The attack was mitigated and we temporarily shut down the app to isolate the security incident,” Coinstats wrote in a June 22 post.

“Thanks to the immediate incident response from the CoinStats team, only 1.3% of all CoinStats wallets were affected, for a total of 1,590 wallets,” it adds, while asserting that “none of the connected wallets and CEXs were affected.”

Extent of impact of security incident remains unknown

CoinStats did not reveal how wallets were affected by the security breach, but promised to make “updates as they become available.”

The wallet manager states on its website that because it “requires read-only access” to connected cryptocurrency wallets, users’ holdings remain “completely secure under all circumstances.”

The platform is a way for users to connect all their wallets and use it as a complete cryptocurrency portfolio tracker, allowing them to view all their portfolios in one place.

CoinStats has closed its website while the security issue is resolved. Source: Coinstats

Coinstats has published a Google Doc listing all currently affected cryptocurrency wallets. He said the list “may change” as the investigation progresses but no major changes are expected.

“If your wallet address is on this affected list, please transfer your funds immediately using your exported private key,” the message read.

However, members of the cryptocurrency community have warned the listed victims to be wary of scammers who may claim to offer help in this situation.

“Scammers are smart. If your account is on this list or if you have used and posted articles on Coinstats, scammers may try to contact you to “help” you. “Don’t trust anyone,” wrote a pseudonymous cryptocurrency commenter, PPman.

The number of cryptocurrency companies facing security breaches has increased

This comes after several cryptocurrency platforms were hit by security incidents recently.

Cryptocurrency data aggregator CoinGecko recently confirmed a data breach suffered by third-party email management platform GetResponse.

On June 5, CoinGecko confirmed that a data breach allowed attackers to export the contact details of more than 1.9 million CoinGecko users.

about: Rain Exchange lost $14.1 million worth of cryptocurrencies in vulnerability confirmed two weeks ago

On June 12, Crystal Intelligence revealed that the cryptocurrency industry had suffered 785 hacks and exploits over the past 13 years.

Nearly $19 billion in digital assets have been stolen in the 13 years since June 19, 2011, when the first known cryptocurrency hack was reported.

Cointelegraph reached out to Coinstats for comment but did not receive a response in time for publication.

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