The post CoinStats Reports Security Breach, Urges Immediate Fund Transfer appeared on BitcoinEthereumNews.com.

CoinStats has issued a warning to its users following a security incident. The platform enables the users to create wallets and has informed the users who created wallets on CoinStats to transfer their funds as soon as possible. The security breach has led to the team sending a scam notification to users’ mobile devices. Coinstats Scam Notification CoinStats has revealed a security incident that led to the compromise of some wallets created within the app. The platform also informed the users that the externally connected wallets are safe. CoinStats advised its users to export their private keys and move their funds as a precaution to minimize possible losses. The incident also included a phishing notification for iOS telling users that they have received a prize of 14. 2ETH in a rewards competition, which was later discovered to be a scam. Some of the users of Android have also complained that they also received similar notifications. CoinStats has since pulled the platform offline for investigation and has put up a placeholder on its homepage with a promise of a more detailed report on the incident. Some users complained about the ad for a fake website which tried to install a configuration program on iOS devices. This program is possibly intended to give the attackers a backdoor to the affected devices. However, the amount of damage caused by the security breach, including the number of users and funds compromised, is still unknown. 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 CoinStats notified the community via their official X account, confirming the incident and urging the affected wallet users to act quickly. They assured…

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Filed under: News - @ June 23, 2024 7:26 pm