Security News > 2024 > June > CoinStats says North Korean hackers breached 1,590 crypto wallets
CoinStats suffered a massive security breach that compromised 1,590 cryptocurrency wallets, with the attack suspected to have been carried out by North Korean threat actors.
For users who want to use the portfolio management features, the platform requires read-only access to connected external crypto wallets and were not affected by the breach.
In an announcement on X yesterday, CoinStats told users they suffered a cyberattack that affected 1,590, or 1.3%, of all hosted wallets on the platform.
The company shared a list of impacted wallets on this spreadsheet, but some users reported that funds were stolen from wallets that were not on this list.
Although the investigation is ongoing, CoinStats' CEO stated on X that they hold significant evidence suggesting that North Korean hackers carried out the attack, sharing a CISA document about the North Korean Lazarus hacking group.
In late 2023, Recorded Future estimated that North Korean state-backed hackers had stolen $3 billion worth of crypto since January 2017, which equates to roughly $500,000,000/year.
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