CoinStats Recommends Users to Move Funds From Their Wallets Following a Security Breach

Cryptocurrency portfolio management company CoinStats has temporarily halted all user activity following a security breach that affected 1,590 crypto wallets.

The company has stated that the attack has been contained and the application has been shut down to isolate the incident.

Despite the breach, CoinStats assures users that their connected wallets and cryptocurrency exchanges have not been impacted.

The company has not disclosed the extent of the damage, but has promised to provide updates when available.

CoinStats emphasizes that since they only request read-only access to connected wallets, users’ holdings are safe. The platform offers a convenient way for users to track all their crypto balances from different wallets in one place.