Leading crypto portfolio tracker CoinStats has fallen victim to a security breach, compromising over 1,500 user wallets. Post the breach, the platform swung into action by putting all user activity on hold and shutting down its application until further notice.
CoinStats revealed the security breach via its official X account on June 22, which reportedly affected about 1.3% of all CoinStats wallets. However, the company pointed out that connected wallets and centralized exchanges were not touched.
So far, it remains unknown how much damage was done, but CoinStats has uploaded a Google document enumerating all crypto wallets involved. Owners whose addresses are on this list should act quickly and transfer their funds using exported private keys.
This incident has sent shockwaves through the cryptocurrency community as industry professionals caution victims against falling for fake rescuers.
Pseudonymous crypto commentator PPman cautioned, “Scammers are smart. If your address is in this list or if you’ve used CoinStats and posted about it, scammers may try to reach out to you to ‘help’ you. Do not trust anyone.”
This security breach is the latest in a series of similar incidents that have occurred in the crypto industry. Earlier this month, data aggregator CoinGecko confirmed a breach affecting over 1.9 million users, while a recent report by Crystal Intelligence revealed that the crypto sector has endured 785 hacks and exploits over the past 13 years, resulting in nearly $19 billion worth of stolen digital assets.
Yesterday, Turkish crypto exchange BtcTurk also fell victim to a hack, prompting Binance to temporarily suspend over $5.3 million in stolen funds that passed through their exchange. BtcTurk has suspended all cryptocurrency transactions, including deposits and withdrawals, as they investigate the breach that affected 10 hot wallets.
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