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Tether and CoinGecko Heads Warn of Crypto Phishing Scam

Tether's CEO and CoinGecko's co-founder took to Twitter to caution crypto enthusiasts about an ongoing email scam.
Crypto Phishing Scam Emails

Tether’s CEO, Paolo Ardoino, took to Twitter to caution crypto enthusiasts about an ongoing email scam. The scam emails were sent out following the breach of a prominent email vendor. Bobby Ong, CoinGecko’s co-founder and COO, supports Ardoino’s assertions.

Specifically, Coingecko co-founder Bobby Ong stated:

There is an ongoing supply chain email breach attack happening with an email newsletter vendor right now. Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days.

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.

Tether CEO also warned the community through X:

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 ago.

Crypto scams and breaches continue to pose significant challenges in the cryptocurrency industry. According to cybersecurity firm PeckShield, the losses from 30 separate crypto hacks totaled over $574 million in May 2024, marking a staggering 666% increase compared to April’s $385 million.

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