BlockchainCom Client Emails Compromised in Data Breach

BlockchainCom, a company that provides crypto financial services, BlockchainCom announced on Tuesday that its clients’ email accounts were compromised due to an information breach that occurred on the 20th of July. While the customers’ money wasn’t affected, they could be targeted by fake emails sent by people pretending to be the BlockchainCom exchange.

Beware of Scam Emails, Warns BlockchainCom

In an email sent to affected clients, BlockchainCom clarified its internal BlockchainCom systems had not been affected. The initial breach of data occurred with the third-party vendor of the exchange, SendGrid. BlockchainCom was alerted within a few hours. “If you are receiving this email that means your email address was included, and you may have received a fraudulent email impersonating Blockchain.com and/or soliciting funds,” says the email. Some examples of fake emails include “Login from new IP address,” and “Blockchain ICO Presale”. Open a Free Account Trading with Oil Profit Why Choose Oil Profit? The company suggests that users avoid such emails, along with any email which ever asks for money from the recipient. “Blockchain.com will never send you an email asking for your password or soliciting funds for illegitimate activities,” added the firm. SendGrid is a communications platform that provides email marketing services. As BlockchainCom explained, it utilized the services of SendGrid to send emails to its clients. But an unauthorised third party gained access to the Exchange’s email database following the compromise of the Twilio user account. Twilio is the company that owns SendGrid. The access point for SendGrid has been shut down since the hack. BlockchainCom states that users aren’t required to take any particular action currently, but they are advised to contact the company for help if they receive suspicious emails. “Never share your Secret Private Key Recovery Phrase,” they said. However, Scam messages are becoming more sophisticated as time passes. A lot of crypto users are falling victim to frauds in which the hacker loses his private keys. Samczsun the head of Security for Paradigm has outlined an online scam this month that could snatch users’ cryptocurrency in only three clicks.

BlockchainCom and 3AC

This month BlockchainCom Chief Executive Peter Smith revealed that the company had an exposure of 270 million towards Three Arrows Capital. This hedge fund has been ordered liquidate by an British Virgin Island Court late last month. From that, BlockchainCom is seeking to recover its losses. “We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law,” said an official statement from the company at the time of the.