- Following a security incident that resulted in a scam notification being sent to users’ mobile devices, CoinStats, a well-known cryptocurrency portfolio management tool, has alerted users to the possibility that wallets established on the CoinStats platform may be susceptible.
A security breach that affected the platform has caused CoinStats, a well-known tool that assists users in creating wallets and tracking their cryptocurrency portfolios across many chains, to urge customers who used the app to build wallets to transfer their cash.
Due to what appeared to be the same security issue, the platform also reported on Saturday that an iOS notice claiming to notify certain users that they had won a giveaway was, in fact, a hoax. A Reddit thread reporting the issue included reports from several Android users that they received the message as well.
The platform declared on X that it is now facing a security incident that affects wallets generated directly within CoinStats; this does not touch wallets that are connected externally. Before urging users, Move your money as soon as possible if you have your private key exported.
CoinStats’ homepage points to a placeholder mentioning the security event and promising to produce a thorough post-mortem as soon as possible. It appears like CoinStats has taken their platform offline while looking into the incident.
Before the platform was taken down, the app, according to Reddit user Duneswinton, displayed an advertisement for a phony website that sought to fool users into installing an iOS configuration tool, which would have given the attackers access to the impacted devices. The number of users or funds impacted by the security problem is unknown at this time.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
