Users of crypto portfolio tracker CoinStats lost $2 million in a hack

The developers have suspended the platform until the investigation is complete

24.06.2024 - 12:15

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3 min

What’s new? Crypto portfolio tracker CoinStats has suspended operations following a security incident that the team said affected 1,3% of the platform’s internal wallets. The developers added that the vulnerability has already been fixed and connected wallets and centralized exchanges (CEXs) were not affected.

Source: X.com

What else is known? The company published a Google doc listing the affected wallets, adding that the list may grow as the investigation progresses, but no significant changes are expected.

It now lists 1590 wallets. Owners have been advised to withdraw funds using the exported private key. Scammers may try to contact address owners offering “help,” warned one participant in the discussion on social network X.

Source: X.com

In addition, the platform’s team reported a fraudulent push notification that was sent to some users of the iOS app. It informed about winning a lottery with a total prize pool of 200 ETH, as well as the launch of the CoinStats AirScout service, where all the user’s cryptocurrencies were allegedly transferred.

Later, the head of the platform Narek Gevorgyan noted that the total amount of damage is about $2 million, of which $800 000 comes from two wallets whose seed phrases were imported into CoinStats Wallet.

Source: X.com

The CoinStats website states that the platform requests read-only access when connecting wallets, and therefore assets remain “perfectly safe under any conditions.” The platform offers users the ability to connect all their crypto wallets in different blockchains and use it as a shared cryptocurrency portfolio tracker.

Earlier this month, the leading aggregator of the crypto market, CoinGecko, faced a data leak. The reason for the incident was the hacking of a third-party mailing service provider. The personal data of almost 2 million CoinGecko users got into the network.

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