North Korean Hackers Breach 1,590 CoinStats Crypto Wallets

John Darbie
Photo: Finoracle.net

North Korean Hackers Breach 1,590 Crypto Wallets on CoinStats

CoinStats, a popular app used by over 1.5 million people to manage their cryptocurrency investments, has been hacked. The attack compromised 1,590 cryptocurrency wallets hosted on the platform, and it is believed to have been carried out by North Korean hackers.

What is CoinStats?

CoinStats is an app used for:

  • Tracking investments
  • Getting real-time data
  • Aggregating news
  • Setting custom alerts

It also allows users to create CoinStats wallets hosted by the platform.

Details of the Attack

In an announcement on X (formerly Twitter), CoinStats shared that a cyberattack affected 1.3% of all hosted wallets. This means 1,590 wallets were compromised. However, some users reported funds stolen from wallets not listed by CoinStats, suggesting the issue might be bigger.

Important Actions for Users

Those with wallets mentioned on the CoinStats list should immediately:

  • Transfer funds to an external wallet

Investigation and Website Status

While the attack is being investigated, CoinStats' website and app are:

  • Unavailable

Source of the Attack

CoinStats' CEO said they have significant evidence suggesting the attack was done by North Korean hackers, specifically the Lazarus Group. This group has been responsible for several crypto thefts. According to Recorded Future, they have stolen around $3 billion in cryptocurrency since January 2017.

Beware of Scammers

Following the breach, scammers are using the situation to trick users. They promote fake refund programs by:

  • Posting under the official CoinStats announcement on X
  • Using unverified accounts

These scammers use tricks like typosquatting handles to make their profiles look legitimate. They direct users to fake sites, asking them to connect their wallets to get a refund. This results in the user losing all assets in their wallets.

Important Note: CoinStats has not announced any refund programs. Any such claims should be ignored as scams.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.