Tether CEO warns cryptocurrency users of a potential new wave of airdrop scam emails following a data breach of a major email list provider.
Due to a probable new wave of cryptocurrency airdrop scam emails, a well-known industry leader advises cryptocurrency users to proceed with the utmost caution.
According to Paolo Ardoino, CEO of Tether, a well-known email list management provider that crypto companies frequently utilize was purportedly hacked in a data breach.
In a June 5 X post, Ardoino forewarned his 234,000 followers:
“We received now 2 independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised.”
The CEO of Tether has promised further information upon the conclusion of the investigation, however, he has not yet revealed the identity of the compromised company:
“Not making names yet until investigation is completed, but please beware of any emails suggesting crypto-airdrops received since 24 hours ago.”
CoinGecko, a cryptocurrency tracking website, was the third organization to confirm the attack minutes after Ardoino’s first alert.
According to Bobby Ong, co-founder and COO of Coingecko, the breach has impacted a crypto email newsletter provider utilized by multiple businesses.
Ong alerted users to the possibility that CoinGecko being impacted, as per a June 5 X post:
“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.”
Ong cautioned users not to click on any emails promoting the launch of new tokens or URLs pointing to a counterfeit CoinGecko token, which is not being planned.
One of the cryptocurrency industry’s top concerns is still cryptocurrency scams and hacks.
According to a June 1 X post by PeckShield, over $574 million worth of digital assets were lost in 30 separate crypto attacks in May 2024.