Paolo Ardoino, CEO Of Tether: Beware Of Phishing Attacks Via Email

JAKARTA - Recently, Paolo Ardoino, CEO of Tether, expressed concerns about potential security breaches that hit email service providers widely used by crypto companies. To users, an appeal was made to be alert to emails offering crypto airdrops, especially those received in the last 24 hours.

Through X's communication platform, Ardoino said that two independent confirmations had been received about the possible compromise experienced by one of the email service providers. The service provider in question is often the mainstay of crypto companies in managing their electronic mail list. Although he has not been able to reveal the identity of the service provider, Ardoino emphasized the importance of prudence in responding to emails that offer crypto airdrops received 24 hours ago.

Reporting from CryptoPotato, Bobby Ong, as co-founder and COO CoinGecko, also provided support for the warning delivered by Ardoino. Ong indicated that newsletter service CoinGecko also has the potential to be affected by the same attack. In a public announcement, Ong warned of an ongoing email supply chain breach attack that could potentially affect their newsletter service. He added that the attack could have an impact on various other crypto companies, especially those related to promotions for the launch of inauthentic tokens.

Security incidents related to email are not a new phenomenon in the crypto industry. Last year, The Sandbox, a blockchain-based metaverse company, reported a similar incident that led to an email phishing campaign. This security breach allows irresponsible parties to access email addresses and send phishing messages that seem to come from the project.

The Sandbox stated that the unauthorized third party managed to gain access to the computer system of one of their employees and used the information obtained to send fake emails. Other well-known crypto companies, such as Nansen, Celsius, OpenSea, and Ledger, have also experienced similar incidents in recent years.

Phishing is a technique used by hackers to lure victims to click on malicious links sent via email or messages that appear to come from trusted sources. The main goal of this technique is to deceive individuals into disclosing personal information, such as passwords and credit card numbers.

Amid continued investigations, Tether and CoinGecko both advise users to increase their awareness of email communications, particularly those that promise new crypto airdrops or token launches. Users are advised to always check the authenticity of emails received and be careful of suspicious links or attachments.

With this warning, it is hoped that the crypto community can be more vigilant and protected from phishing efforts that can cause significant harm. Vigilance and knowledge of good security practices is the main key in protecting digital assets.