Just-In: Crypto Mailing Vendors List Hacked, Tether CEO Lauds Caution

In a concerning development for the cryptocurrency community, it has been confirmed that a major vendor managing mailing lists for various crypto companies has been compromised. This breach has potentially exposed sensitive information, leading to a wave of fraudulent emails suggesting crypto-airdrops. The breach poses a significant threat to the security and trust within the crypto industry, as malicious actors may exploit the compromised data to deceive users and propagate scams.

Tether CEO’s Response and Recommendations

Paolo Ardoino, Tether’s CEO, has weighed in on the matter, confirming that they have received two independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised. While Ardoino refrained from naming the vendor pending the completion of an investigation, he urged the community to be extremely cautious of such crypto scams.

“Please beware of any emails suggesting crypto-airdrops received since 24 hours ago,” Ardoino stated. He emphasized the importance of scrutinizing any unsolicited emails and advised against clicking on links or downloading attachments from unfamiliar sources. Tether’s leadership is taking proactive steps to mitigate the risks posed by this breach and is advocating for heightened security protocols across the industry.

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Wider Impact and Preventive Measures

Further updates on the matter by Bobby Ong, co-founder of CoinGecko, revealed that there is indeed an ongoing supply chain email breach attack affecting an email newsletter vendor. Several crypto companies may be impacted by these fraudulent email blasts promoting fake token launches. Ong highlighted the severity of the situation, advising users to be especially cautious with email newsletters in the coming days.

CoinGecko, among the potentially affected entities, is actively collaborating with their vendor to investigate the extent of the breach. Ong reported that phishing emails mimicking CoinGecko communications have been sent from other client accounts, warning users that no CoinGecko token is being planned. This situation serves as a stark reminder for all crypto companies to review and reinforce their email security practices to protect their users from similar threats.

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