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.
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