Image Source: Bitcoin.com News

Popular crypto portfolio tracker CoinStats has warned users about a security incident that may have compromised a small portion of their wallets. The company is urging users, especially those who have shared private keys, to move their funds to a secure location.

The incident reportedly affected around 1.3% of CoinStats wallets (approximately 1,590). CoinStats also identified a phishing scam targeting their users with fake giveaway notifications. To prevent further losses, the platform has temporarily suspended its services while they investigate the issue.

Here's what you need to do:

1. Move your funds: If you have a CoinStats wallet, especially one where you've shared private keys, transfer your crypto to a secure location like a hardware wallet.

2. Beware of scams: CoinStats users received misleading notifications about winning a crypto giveaway. Never click on suspicious links or share your private information.

CoinStats has promised a detailed report after their investigation is complete. This incident highlights the importance of strong crypto security practices:

1. Never share your private keys with anyone or any platform.

2. Be cautious of phishing scams that promise free cryptocurrency.

3. Consider using hardware wallets for an extra layer of security.

When you follow these steps, you be sure that your crypto assets are safe.