CoinStats says North Korean hackers breached 1,590 crypto wallets

CoinStats says North Korean hackers breached 1,590 crypto wallets

June 24, 2024 at 11:03AM

CoinStats experienced a serious security breach affecting 1,590 cryptocurrency wallets, believed to be orchestrated by North Korean threat actors. The platform, used by 1.5 million users for investment tracking and real-time data, had its website and app disabled during the investigation. Users are advised to transfer their funds from affected wallets and ignore false refund offers circulating online.

Based on the meeting notes, here are the key takeaways:

1. CoinStats suffered a major security breach that impacted 1,590 cryptocurrency wallets, potentially carried out by North Korean threat actors. Users are urged to transfer funds from impacted wallets to external wallets.

2. CoinStats’ portfolio management features, connected wallets, and centralized exchanges were not affected by the breach, so it is safe for users to continue using these features.

3. The CEO of CoinStats has indicated strong evidence linking the attack to North Korean hackers, specifically the Lazarus Group, known for massive crypto heists targeting cryptocurrency platforms.

4. Scammers are taking advantage of the breach by promoting fake refund programs through unverified accounts, attempting to deceive users into connecting wallets to a cloned site. An official refund program has not been announced, so all related claims should be considered scams and ignored.

These takeaways summarize the key points from the meeting notes.

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