The post Breached wallets should ‘move funds immediately’ appeared on BitcoinEthereumNews.com.

CoinStats, a cryptocurrency portfolio management platform, has reported a security breach affecting many user wallets. On June 22, CoinStats reported a security incident impacting wallets created directly within the app. The company assures users that externally connected wallets and centralized exchanges (CEXs) remain unaffected.  CoinStats urged users with exported private keys to move their funds immediately. See below. We are currently experiencing a security incident affecting wallets created directly within CoinStats; this does not impact externally connected wallets. If you have your private key exported, move your funds ASAP. — CoinStats (@CoinStats) June 22, 2024 According to the CoinStats team, only 1,590 of all CoinStats wallets were affected, or 1.3%. Although the list of affected wallets might change as the investigation continues, significant changes are not expected.  Update on the Security Incident The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident.  1. None of the connected wallets and CEXes were impacted. 2. Thanks to the immediate incident reponse from the CoinStats team,… — CoinStats (@CoinStats) June 22, 2024 CoinStats has suspended user activity and taken the app offline to investigate the incident thoroughly. The company has assured users that the attack has been contained and will continue to provide updates as more information becomes available. The hack enabled the bad actors to send fraudulent notifications to iOS and Android users, falsely promising rewards and prompting them to access the CoinStats AirScout wallet.  Clicking on the link led users to a drainer website, promoted through a push notification from CoinStats and an official in-app alert on the home screen. While the company has not disclosed the cause of the attack, the incident has sparked concerns about the security of private keys stored on their server and the randomness of wallets generated within…

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Filed under: News - @ June 23, 2024 1:22 pm