Paolo Ardoino, the CEO of stablecoin issuer Tether, warned on June 5 about a potential security breach involving an unnamed crypto mailing list provider.In a post on the social media platform X (formerly Twitter), Ardoino stated that his firm had received two independent confirmations suggesting a prominent vendor responsible for managing mailing lists for crypto companies might have been compromised.While Ardoino did not provide specific details about the breach, he implied that it could be a supply chain attack targeting the crypto industry. A supply chain attack is a type of cyber attack that exploits third-party services or tools that the targeted entity or individual relies upon, serving as an indirect means of infiltration.Ardoino cautioned users to be wary of any emails promising crypto airdrops within the past 24 hours, as they might be part of the attack.Following Ardoino’s warning, several crypto-related firms promptly alerted their users about the potential threat of phishing links that might be shared in the emails.Bobby Ong, the co-founder and COO of CoinGecko, acknowledged the ongoing supply chain email breach attack involving an email newsletter vendor, stating that several crypto companies might be affected through email blasts promoting fake token launches.Ong advised users not to click on any links related to a fraudulent CoinGecko token as the platform has no plans for such a launch. He added:“We at CoinGecko may be potentially affected and are actively working with our vendor to investigate further to determine the extent of this breach. We have seen phishing CoinGecko emails being sent from other client accounts. There is no CoinGecko token being planned so don’t be duped by the phishing emails.”CoinGecko also posted an official warning on its social media account, clarifying that it is a neutral entity without any officially issued coins or tokens and advising users to be cautious of phishing links claiming to offer a “CGL token airdrop.”Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Catch the latest in crypto by following us on X. Stay informed on the go.Section 423 of the Intelligence Authorization Act could limit transactions for major DeFi protocols and stablecoins if they facilitate prohibited transactions.Over the past month, Tether has stepped up its investment efforts in the Bitcoin mining sector.Market observers said this substantial minting activity would be used to provide liquidity for the market.An executive previously described plans to drop the stablecoin under new regulations.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
