CoinStats Security Breach: 1,590 Wallets Affected, Users Urged to Secure Funds
CoinStats, a well-known crypto portfolio tracking app, recently experienced a security breach, causing alarm among its iOS users.
This breach led to a wave of scam notifications targeting wallets created within the CoinStats app.
The breach affected 1.3% of CoinStats wallets, impacting 1,590 wallets and prompting users to take immediate steps to secure their funds.
Upon detecting the breach, CoinStats acted swiftly to mitigate the damage. The app was temporarily taken offline to isolate and address the issue, which helped contain the breach and prevent further harm.
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CoinStats reassured users that wallets connected to the app and centralized exchanges (CEXes) were not affected. The breach was confined to wallets created directly within the CoinStats app.
Thanks to the quick response from the CoinStats team, the damage was limited to a small percentage of all CoinStats wallets. The affected wallets, totaling 1,590, are being closely monitored as the investigation continues.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
