TL;DR
- Paolo Ardoino, CEO of Tether. Warned of a potential compromise in the email service of a provider used by crypto companies.
- Phishing attacks targeting the crypto industry are commonplace; companies like CoinMarketCap, Celsius, and Ledger have been victims in the past.
- CoinGecko and other industry figures have echoed Ardoino’s statements. Cautioning users to take preventive measures against scams that have become increasingly sophisticated.
The crypto community is on high alert after Paolo Ardoino, CEO of Tether, issued a warning about a potential compromise in the email service of a provider used by sector companies. Ardoino raised the possibility of a supply chain attack specifically targeting the crypto industry.
It’s worth noting that such attacks are not uncommon in the sector. In the past, several crypto industry companies, including CoinMarketCap, Celsius, OpenSea, and Ledger, have fallen victim to similar security breaches, with hackers gaining access to email databases or vendor accounts to launch phishing campaigns.
We received now 2 independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised.
Not making names yet until investigation is completed, but please beware of any emails suggesting crypto-airdrops received since 24h…
— Paolo Ardoino 🤖🍐 (@paoloardoino) June 5, 2024
The Crypto Industry Faces Increasingly Complex Cyber Threats
Ardoino’s warning adds to the overall concerns about security in the sector. The community is urged to exercise caution when interacting with messages. Suggesting purported cryptocurrency airdrop launches received in the past 24 hours, as they may be part of the ongoing attack.
Bobby Ong, co-founder and COO of CoinGecko. Supported Ardoino’s statement and shared that several crypto companies may be affected by mass emails falsely claiming token launches via their accounts. Additionally, Ong revealed that CoinGecko could also be potentially affected by the breach. Is actively working with its provider to assess the scope of the incident.
It’s crucial for the crypto community to remain vigilant in such situations. And take proactive steps to protect against potential attacks. With the increasing sophistication of cyber threats, implementing robust security measures and staying informed about the latest threats is essential.
