CoinStats warns users to move funds from wallets created on platform following security incident
Quick Take CoinStats, a popular cryptocurrency portfolio tracking app, has warned users that wallets created on the CoinStats platform may be vulnerable following a security incident that also saw a scam notification go out to users’ mobile devices.
CoinStats, a popular app that helps users create a wallet and track their crypto portfolios across different chains, has warned users who used the app to create a wallet to migrate their funds following a "security incident" affecting the platform.
The platform also noted on Saturday that an iOS notification purporting to inform some users that they won a giveaway was actually a scam, seemingly due to the same security incident. Some Android users also reported receiving the notification in a thread discussing the incident on Reddit .
"We are currently experiencing a security incident affecting wallets created directly within CoinStats; this does not impact externally connected wallets," the platform announced on X, before urging users , "If you have your private key exported, move your funds ASAP."
CoinStats seems to have taken their platform offline while investigating the security incident; its homepage leads to a placeholder noting the security incident and promising to release a detailed post-mortem "asap."
According to Reddit user Duneswinton , before the platform was taken offline, the app showed an advertisement for a fake website that attempted to trick users into installing a configuration program on iOS, likely granting the attackers access to the affected devices. It is currently unclear how many users or funds were affected by the security incident.
This is a developing story.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Deep Dive | September 20th
All the latest updates from the Swell ecosystem, including Swell L2 development and the launch of swBTC.
JASMY Chart Sets Up For Significant Retest That Could Launch the Altcoin Towards a Parabolic Price Pump
Louisiana introduces crypto payment options for state services
Eclipse to launch Solana-compatible Ethereum layer 2 in October