The “CoinStats” application suspends its operations following a security breach affecting 1,590 wallets: details here

In an unfortunate development, CoinStats, which runs one of the famous applications for managing cryptocurrency wallets, announced that it had temporarily suspended its application after it was exposed to a security breach that targeted 1,590 wallets, which represents about 1.3% of the total user wallets on the platform.

CoinStats confirmed that wallets connected to central trading platforms (CEX) were not affected by the incident, noting that it is also investigating fraudulent notifications received by some users of the iOS and Android systems.

Incident details:

The hack has caused great concern among users, especially those whose wallets were already affected.

One user on X who has been a long-time CoinStats supporter reports that funds in his own wallet were withdrawn about an hour and a half before the scam notifications started.

This wallet, which was created in 2022 and was not connected to any external applications, was among the wallets targeted by the attackers.

CoinStats advised users whose wallets were affected to transfer their funds immediately using the private keys they had previously exported, as the company provided a link to the list of affected wallets.

CoinStats noted that the list of affected wallets may see some updates as the investigation progresses, but it does not expect fundamental changes.