CoinStats Security Breach Results In A Loss Of Approximately $2 Million

According to PANews, CoinStats, a popular cryptocurrency portfolio tracker, recently experienced a security breach. The incident resulted in a loss of approximately $2 million. The information was revealed by Narek Gevorgyan, the Chief Executive Officer of CoinStats. In the security breach, around $800,000 was reportedly stolen from two users who had imported their seed phrases into the CoinStats wallet. The remaining amount was taken from various other users. The company is currently investigating the incident and has not yet provided any further details. CoinStats is a widely used platform for tracking cryptocurrency portfolios. It allows users to manage and track their digital assets across various wallets and exchanges. This incident has raised concerns about the security measures in place on the platform. The company has not yet commented on any potential compensation for the affected users.