CoinStats Releases Incident Report Following $2.2m Security Breach
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CoinStats, a leading cryptocurrency portfolio tracking app, revealed details of a significant security breach that resulted in the theft of approximately $2.2 million in digital assets.
As reported by crypto.news, the incident was detected on June 22, 2024. Now, a security incident report CoinStats published on Friday, July 12, provided deeper insights into the breach.
We have new and important information about the recent security incident.Our latest blog post provides detailed information on the progress of our investigation, actions taken, and next steps: https://t.co/YnikJ3qTPk
— CoinStats (@CoinStats) July 12, 2024
The attackers are believed to be affiliated with a highly sophisticated nation-state group. They managed to access private keys, facilitating unauthorized transfers from compromised wallets.
According to CoinStats CEO Narek Gevorgyan, the breach targeted 1,590 CoinStats wallets by exploiting vulnerabilities across multiple services.
Following the incident, CoinStats secured the remaining assets and immediately shut down its platform to conduct an investigation. The Federal Bureau of Investigation and other security experts, including ZachXBT and Tay from MetaMask, assisted in recovering the stolen funds.
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“We have engaged in ongoing collaboration with security researchers and law enforcement to understand the full scope of the breach,” Gevorgyan explained. While the theft affected cryptocurrency funds, there was no evidence of compromised user
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