As a long-time crypto investor and the founder of CoinStats, I’ve put my heart and soul into building this project for the past six years. We’ve faced numerous challenges and triumphs along the way, but I truly believe that we’ve created something exceptional – the best portfolio tracker in the market.
Narek Gevorgyan, CEO of CoinStats, disclosed fresh insights regarding the recent cyberattack that stole approximately $2 million in tokens from about 1,600 wallets under our management.
In a blog post on June 26th, Narek Gevorgyan, CEO of CoinStats – a cryptocurrency portfolio management platform funded by 6th Man Ventures and Hack VC – revealed that the company suffered over $2 million in losses as a result of a cyberattack on its Amazon Web Services (AWS) system.
It’s been a quite a week for me, what with my continued dedication to CoinStats over the past six years. Through various ups and downs, I am confident we’ve developed an exceptional portfolio tracking tool.
Unfortunately, our AWS infrastructure has fallen victim to a cyberattack, and preliminary findings indicate it was orchestrated by an external source.
— narek (@narek_gevorgyan) June 26, 2024
Gevorgyan revealed that hackers, believed to be connected to North Korea, reportedly tricked one of CoinStats’ employees into downloading harmful software onto their work computer, resulting in the security breach.
“I understand how painful it must be for those who have suffered financial losses. I imagine their predicament is equally challenging. Rest assured, CoinStats stands with the affected individuals, and we’re actively brainstorming ways to provide assistance within our organization.”
Narek Gevorgyan
As a crypto investor, I’d put it this way: The CEO reassured us that less than 1% of all users were impacted by the recent security breach, as initially reported that around 1,590 wallets had been compromised. However, we’re still waiting for further information from law enforcement before CoinStats can provide a complete analysis of what happened.
According to crypto.news’ previous article, fraudulent notifications were disseminated to CoinStats app users via both iOS and Android platforms. These notifications deceptively offered rewards and urged users to open the CoinStats AirScout wallet. In reality, clicking on the link led users to a drainer website, which was promoted through a push notification from CoinStats and an official in-app alert on the home screen.
As a researcher studying the fintech industry, I came across CoinStats, a company that was established in the year 2017. In its formative stages, CoinStats successfully secured over $3 million in funding from Hack VC. Furthermore, other notable investors such as Mike Duda’s 6th Man Ventures also contributed to this round of financing.
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2024-06-26 13:48