CoinStats Breach Compromises Nearly 1,600 Crypto Wallets
Date: June 25, 2024
A massive security breach has hit the cryptocurrency management platform CoinStats. Nearly 1,600 cryptocurrency wallets, or 1.3% of all wallets hosted by CoinStats, have been compromised. The breach is believed to be the work of the North Korean hacking collective known as Lazarus Group, according to BleepingComputer.
The security breach has led to the temporary takedown of the CoinStats app. However, CoinStats assures that wallets connected to centralized exchanges have not been affected. The company recommends that anyone with a compromised wallet should immediately transfer their funds to external wallets.
Fraudulent Refund Programs on X
Meanwhile, cybercriminals have already started exploiting the situation by launching fraudulent CoinStat refund programs on X, which was formerly known as Twitter. These scammers are using typosquatted accounts to trick users.
Victims are being lured by posts that include links to a cloned CoinStats site. Once users click on these links, they are directed to a fake website that prompts them to connect their wallets. This action results in the complete theft of their assets.
Immediate Steps for Affected Users
CoinStats is urging all its users to:
- Transfer funds to external wallets if their wallets have been compromised.
- Be cautious of refund offers on X or other social media platforms.
- Avoid clicking on links from unverified sources.
Related Incident: LivaNova USA Breach
In another incident, approximately 130,000 individuals were impacted by a security breach at LivaNova USA. Hackers accessed their IT systems on October 26, stealing personal information such as names, birthdates, addresses, Social Security numbers, phone numbers, email addresses, medical details, and health insurance data.
Conclusion
Security breaches are increasingly becoming a significant threat in the digital world. CoinStats users and those impacted by the LivaNova USA breach should act promptly to safeguard their assets and personal information.
Stay updated on this ongoing investigation and take the necessary precautions to protect yourself from further cyber threats.
