Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
CoinStats says $2.2 million worth of crypto was stolen in June hack by 'sophisticated attacker'

CoinStats says $2.2 million worth of crypto was stolen in June hack by 'sophisticated attacker'

The BlockThe Block2024/07/13 15:49
By:The Block

Quick Take The crypto portfolio tracking app blamed a $2.2 million hack in June on a sophisticated and nation-state affiliated hacker, likely the Lazarus Group. According to the company, the attacker compromised several core services, all of which have since been rebuilt from scratch.

CoinStats, a popular cryptocurrency-tracking app, has revealed additional details surrounding its June security incident. 

According to the company, a "...sophisticated (and we believe nation-state affiliated) attacker managed to access private keys of exactly 1590 CoinStats Wallets, resulting in the theft of approximately $2.2 million worth of cryptocurrency," CoinStats wrote in a recent incident report . The company believes the infamous Lazarus Group , or another similarly nation-state supported hacking group, is responsible for the attack. 

The attacker managed to compromise several services related to CoinStats' storage of the private keys of user-created wallets "...through a combination of unauthorized intrusions across multiple services – including outside of CoinStats," according to the report. Tracing of the funds by experts such as ZachXBT and MetaMask principal security researcher Taylor Monahan is ongoing and the attack has been reported to law enforcement, the report states. 

CoinStats warned users in June to transfer funds out of wallets created on the platform after an attacker hijacked the platform and sent out fraudulent notifications to mobile users , The Block previously reported. The attack affected 1,590 wallets, or 1.3% of all CoinStats wallets, according to the company. 

Since the breach, the company has completely rebuilt its platform environment, "ensuring no parts of the old infrastructure were used to guarantee the integrity of the new setup," and has contracted new infrastructure auditors. As a result, the platform is back to full operation, and though the company hasn't found evidence of user data being stolen, the report warns CoinStats users to beware of potential phishing attacks to CoinStats-related email addresses as a precaution. 

The company has also set up a form , due by August 15, for victims of the attack to identify themselves in order to be eligible for "any future support from the CoinStats team," though the company declined to share any specific details regarding reimbursement of stolen funds. 


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04