CoinStats faced a security breach due to a social engineering attack on an employee, resulting in a $2 million loss. The company is addressing the issue and plans to support affected users.
The recent hack of 1,590 CoinStats crypto wallets was carried out by compromising a CoinStats employee.
“Our AWS infrastructure was hacked, with strong evidence suggesting it was done through one of our employees who was socially engineered into downloading malicious software onto his work computer.” “I empathize with those who lost money; I’m sure their situation is just as difficult. CoinStats will definitely support the victims of the hack, and we’ve been discussing options internally.”
Similar to the CoinStats hack, the security breach at CoinGecko occurred due to a compromised employee account, according to the company’s June 7 announcement:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CoinStats Upgrades Profit and Loss Calculation ModuleHigh-performance crypto portfolio tracker CoinStats introduces advanced Profit and Loss Calculation dashboard with enhanced functionality for building better trading and investing strategies
Read more »
CoinStats warns users to move funds from wallets created on platform following security incidentThe hackers reportedly attempted to trick users into installing malicious software on their mobile devices through a scam notification.
Read more »
1,590 CoinStats crypto wallets ‘affected’ in security breachCryptocurrency portfolio manager CoinStats stated that the security incident affected 1,590 wallets, about 1.3% of all CoinStats wallets.
Read more »
Io.net CEO Ahmad Shadid steps down from CEO role days before token launchThe decentralized infrastructure provider has faced questions from critics in recent months regarding the veracity of its reported metrics.
Read more »
Study shows facially expressive people to be more likable and socially successfulAnalysis of more than 1,500 natural conversations suggests that humans may have evolved more complex facial muscle movements to help us bond with each other.
Read more »
Miss Manners: What are the three main subjects you should not discuss socially?Only three? You must be joking.
Read more »