Crypto Industry Leaders Warn of Potential Airdrop Scams Following Major Data Breach
Summary:
Following a reported data breach on a major email list management provider used by crypto firms, Tether's CEO, Paolo Ardoino, and CoinGecko's COO, Bobby Ong, have warned cryptocurrency users about a possible surge in crypto airdrop scam emails. While investigations are ongoing, users are advised to avoid clicking suspicious links related to coin airdrops and other new token releases.
Cryptocurrency enthusiasts are urged to be wary due to forecasts of a mounting wave of crypto airdrop scam emails, as announced by a key figure within the industry. A prominent provider of email list management, heavily relied upon by cryptocurrency entities, is believed to have fallen victim to a data breach, states Paolo Ardoino, Tether's CEO. On a June 5 X post, Ardoino warned his 234,000 followers: “We now have 2 independent confirmations asserting that a key vendor, responsible for organizing mailing lists for crypto companies, might have been infiltrated.” The CEO of Tether has decided to keep the identity of the compromised firm confidential until inquiries conclude, however, he recommends caution towards any emails implying crypto-airdrops received over the last 24 hours. Tether has yet to comment on these findings as approached by Cointelegraph.
Soon after Ardoino initially raised the alarm, cryptocurrency tracking website CoinGecko corroborated the assault. Bobby Ong, CoinGecko's co-founder and COO, alerted users about the hack stating that a popular vendor of crypto email newsletters used by several businesses is now compromised. On a June 5 X post, Ong cautioned of CoinGecko's potential vulnerability: "Traces of deceptive CoinGecko emails have been discerned as sent from differing client accounts. We at CoinGecko could be potentially impacted and we're currently liaising with our vendor to perform a deeper dive to comprehend the scope of this breach. Importantly, there is no CoinGecko token in the works so don't be misled by the phishing emails." Ong advised users to avoid clicking any links regarding a fraudulent CoinGecko token or any emails advertising new token releases.
This story is unfolding, with more updates to follow as soon as additional information emerges.
Published At
6/5/2024 2:04:23 PM
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