A well-known cryptocurrency portfolio management specialist, CoinStats, recently disclosed a significant cyber-attack that affected 1590 of its customers’ crypto wallets. CoinStats is recognized as a leading crypto market tracker, offering visibility into a wide range of wallets, exchanges, DeFi protocols, and cryptocurrencies.
The incident primarily impacted CoinStats-hosted wallets, with approximately 120,000 wallets in total. Customers were advised to move their funds immediately if they had exported their private keys. Within two hours, CoinStats claimed to have mitigated the attack and temporarily shut down its application to address the security breach.
According to the company’s CEO, Narek Gevorgyan, there is evidence linking the attack to a group of hackers with connections to North Korea, as described in an FBI report. The total amount drained from the affected wallets is estimated to be around $2 million, with $800,000 coming from two wallets that imported their seed phrases to CoinStats Wallet.
Gevorgyan assured customers that a detailed and transparent report on the hack would be released soon. North Korea has a history of stealing cryptocurrency to fund its nuclear and ballistic missile programs. Reports suggest that the country generates a significant portion of its foreign-currency income through cyber-attacks on cryptocurrency targets.
In light of this incident, it is crucial for cryptocurrency users to remain vigilant and take necessary precautions to secure their digital assets. CoinStats’ quick response to the attack highlights the importance of proactive cybersecurity measures in the ever-evolving landscape of digital finance.