CoinStats reveals employee-targeted social engineering attack behind the hack affecting 1.3% of wallets.
The recent hack of 1,590 CoinStats crypto wallets was carried out by compromising a CoinStats employee.
On June 22, the cryptocurrency portfolio manager CoinStats temporarily suspended its services after discovering an active attack on its wallets. A swift and proactive response limited the hacker's access to only 1.3% of all CoinStats wallets, resulting in a loss of $2 million.
Five days later, on June 26, Narek Gevorgyan, CEO of CoinStats, revealed the findings of an internal investigation:
