According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using their exported private keys.
Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App
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Coinstats App Shut Down
Coinstats, the crypto portfolio tracking app, confirmed on June 22 that it fell victim to a security breach affecting approximately 1,590 wallets, which represents about 1.3% of all Coinstats wallets. The Coinstats team however said it took immediate action by suspending all user activity and shutting down the application to contain the issue.
While the breach impacted wallets created directly within Coinstats, connected wallets and centralized exchanges remained unaffected. The team meanwhile urged users whose wallet addresses are on the affected list to transfer their funds promptly using their exported private keys.
“We are actively investigating the extent of funds moved and will provide updates as soon as they become available. We’re actively working to bring the app back online as quickly as possible. Thank you for your patience,” the Coinstats team said.
Meanwhile, in an update shared via Telegram, CEO Narek Gevorgyan revealed that the Coinstats was restoring the production environment by implementing all necessary security measures to isolate the attackers. This process is expected to take approximately 24 hours, Gevorgyan said.
The update also asserted that Coinstats had collected evidence suggesting that the attack was perpetrated by a group known to have connections with North Korea.
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