Tether CEO Paolo Ardoino recently issued a warning to cryptocurrency users, reminding them to be wary of emails related to cryptocurrency airdrops that they have received in the past 24 hours.

Potential Phishing Attacks

In a post on social media platform X, Ardoino noted that they had obtained two independent documents that revealed a possible security breach and said the breach was related to a well-known email provider that often provided services to cryptocurrency companies.

He further stated that they would not disclose the specific name of the email service provider until the investigation was thoroughly completed. But he also advised users to be vigilant and avoid possible risks when receiving any emails mentioning cryptocurrency airdrops.

CoinGecko co-founder and COO Bobby Ong also supported the security warning, suggesting that the cryptocurrency data platform’s newsletter service was at risk of being affected.

In a public statement, Ong warned community members to be wary of ongoing supply chain email attacks and highlighted the risks that numerous cryptocurrency companies may face, particularly emails that could be used to promote fake token offerings.

Email Phishing Threats

Email security issues are not new to the crypto industry. For example, last year, blockchain-powered virtual world platform The Sandbox suffered a cybersecurity incident in which an email phishing attack caused by a security breach affected the company.

The vulnerability allowed unauthorized third parties to gain access to email addresses on employees' computers, which were then used as targets in phishing attacks, where hackers sent phishing emails that falsely claimed to be from related projects or companies.

The Sandbox claims that an unauthorized third party gained access to an employee’s computer and used the information obtained to send the spoofed emails. Other well-known crypto companies, including Nansen, Celsius, OpenSea, and Ledger, have experienced similar attacks in recent years.

Phishing is a form of online fraud in which hackers send legitimate-looking emails or messages, pretending to be from a well-known company, to trick recipients into clicking on malicious links hidden in the emails. The ultimate goal of this method is to defraud victims of sensitive information, including passwords, credit card numbers and other personal privacy data.

As the investigation continues, both Tether and Coingecko remind users to be extra cautious when using emails, especially those claiming to be about cryptocurrency airdrops or new token issuance. #Tether   #网络钓鱼 #安全漏洞 #邮件入侵

Conclusion:

As digital currency and encryption technology become increasingly mainstream, security issues are always the top priority for the development of the industry. The warnings from Tether CEO Paolo Ardoino and CoinGecko co-founder Bobby Ong once again remind us that both companies and individual users need to remain vigilant about network security. As the investigation deepens, we look forward to more details about the email provider security breach being disclosed so that appropriate preventive measures can be taken.

At the same time, this incident also highlights the vulnerability of the cryptocurrency industry in terms of secure communications and the need for more secure and reliable communication solutions. For users, enhancing self-protection awareness and learning to identify fraud methods such as phishing are the key to protecting the security of their assets. For enterprises, choosing reputable and highly secure service providers and conducting regular security audits and risk assessments are the basis for preventing such risks.

We hope that the cryptocurrency industry can learn lessons from these incidents and continuously improve security standards to ensure the safety of user information and assets. Only in this way can cryptocurrency win wider trust and realize its potential to change the financial world.