Incident Overview
Jun-22-2024 CoinStats portfolio tracker was hacked and after using a phishing link users have lost about 2M USD.
Cryptocurrency portfolio manager CoinStats was hacked on Friday, resulting in the theft of over $2 million from 1,590 wallets. The platform shut down its application to mitigate the attack. Wallets created within CoinStats were affected, while connected wallets and CEXes remained secure.
Some impacted users received phishing messages that directed them to a malicious website. CoinStats CEO Narek Gevorgyan confirmed $800,000 was stolen from two wallets that imported their seed phrases to CoinStats Wallet. Evidence suggests the North Korean Lazarus Group was behind the attack.
CoinStats resumed operations on Monday with limited functionalities. Users with affected wallets were advised to move their funds immediately. The platform emphasized that only read-only access is required for connected wallets, ensuring their funds are not at risk.
Incident Report
Protocol Information
What the Attacker Needed to Succeed
Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.
What Auditors Should Check
If you're auditing a protocol with similar architecture to CoinStats, these are the critical security checks that could have prevented this incident (June 2024).
- Verify all logic paths related to Phishing are guarded by proper access controls and input validation - see the Phishing Attacks attack class for patterns
- Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs
Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.
Free TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Sources & References
Learn to Prevent the Next CoinStats
The CoinStats hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.