Tether CEO Warns of New Wave of Crypto Airdrop Scam Emails, Could Hurt CoinGecko
Cryptocurrency users should exercise extreme caution as a prominent industry leader warns of a new wave of crypto airdrop scam emails.
According to Tether CEO Paolo Arduino, a popular email list management provider widely used by crypto companies has been compromised in a data breach.
Arduino warned his 234,000 followers in a June 5 X post:
“We now have 2 independent confirmations that a popular vendor used by crypto companies to manage mailing lists may have been compromised.”
While Tether's CEO did not name the company that committed the breach, he promised more details once the investigation is complete:
“Not yet naming names until the investigation is complete, but please be wary of emails suggesting crypto-airdrops received since 24 hours ago.”
Cointelegraph has reached out to Tether for comment.
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Supply chain email breach confirmed by CoinGecko co-founder
Minutes after Arduino's initial warning, the attack was confirmed by a third company, cryptocurrency monitoring site CoinGecko.
Coingecko co-founder and COO Bobby Ong said the breach affects a crypto email newsletter provider used by several companies.
According to Ong's June 5th post, CoinGecko warned users that CoinGecko could be affected.
“We are actively working with our vendor to determine the extent of this breach, which may affect CoinGecko. We have seen CoinGecko phishing emails sent from other customer accounts. CoinGecko tokens are not planned, so do not be fooled by phishing emails.
Ong warned users not to click on any links related to the fake CoinGecko token – not intended – or any emails with new token launches.
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Crypto scams and hackers remain a major industry threat.
Crypto scams and hackers remain one of the biggest concerns of the cryptocurrency industry.
According to a June 1 post by PeckShield, digital assets worth more than $574 million were lost in 30 individual crypto hacks in the month of May 2024.
The $574 million represents a 666% month-over-month increase from the estimated $385 million lost to crypto hacks in April.
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