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

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As a concerned and experienced crypto investor, I find the recent news of a major vendor managing mailing lists for various crypto companies being compromised deeply troubling. The potential exposure of sensitive information through this breach has led to an alarming wave of fraudulent emails suggesting crypto-airdrops, which could deceive unsuspecting users and further erode trust within the industry.

A troubling turn of events for the cryptocurrency sector: A key vendor in charge of managing mailing lists for numerous crypto businesses has reportedly been hacked. The security intrusion could result in the exposure of confidential information, triggering a surge of fraudulent emails promoting fake crypto airdrops. This incident poses a substantial risk to the crypto industry’s security and trustworthiness, as criminals might leverage the stolen data to mislead users and spread scams.

Tether CEO’s Response and Recommendations

As a crypto investor, I’ve received some concerning news from Tether’s CEO, Paolo Ardoino. He’s confirmed that they have received two independent reports suggesting that a vendor commonly used by crypto companies for mailing list management may have been compromised. Although Ardoino hasn’t disclosed the name of the vendor yet as they’re still investigating, he strongly advises the community to exercise extreme caution when dealing with unsolicited emails or messages related to cryptocurrencies.

He warned against paying attention to any recent emails claiming crypto airdrops, as stated by Ardoino. The significance of examining unsolicited emails and avoiding interactions with unknown sources, such as clicking on links or downloading attachments, was highlighted. Tether’s management is taking preventative measures in response to this security issue and encouraging the adoption of stronger security practices throughout the industry.

Wider Impact and Preventive Measures

New information from Bobby Ong, the co-founder of CoinGecko, indicates that there is a supply chain email breach underway, targeting an email newsletter vendor. Multiple crypto firms could potentially fall victim to deceptive email broadcasts publicizing phony token unveilings. Ong underscored the urgency of the situation, urging vigilance towards email newsletters in the near future.

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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2024-06-05 14:31