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Home»ADOPTION NEWS»CoinStats warns users to move funds from wallets created on the platform after security incident.
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CoinStats warns users to move funds from wallets created on the platform after security incident.

By Crypto FlexsJune 22, 20242 Mins Read
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CoinStats warns users to move funds from wallets created on the platform after security incident.
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Security • June 22, 2024 4:40 PM EDT

Posted 1 minute ago In ~

CoinStats, a popular app that helps users create wallets and track their cryptocurrency portfolios across various chains, warned users who used the app to create wallets to move their funds after a “security incident” affecting the platform. I did.

The platform also noted on Saturday that an iOS notification notifying some users that they had won a prize was actually a scam due to the same security incident. Some Android users reported receiving a 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 affect externally linked wallets,” the platform said in a statement to X. “He urged.

CoinStats appears to have taken its platform offline while it investigates the security incident. There’s a placeholder on the homepage mentioning the security incident and promising to release a detailed follow-up investigation “as soon as possible.”

According to Reddit user Duneswinton, before the platform went offline, the app displayed advertisements for fake websites attempting to trick users into installing a configuration program on iOS, which would give attackers access to affected devices. It’s highly likely. It is currently unclear how many users or funds were affected by the security incident.

This is a developing story.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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