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Crypto companies suffer supply chain email breach, users likely to face series of phishing scams

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Tether CEO Paolo Ardoino and CoinGecko co-founder Bobby Ong warned the crypto community on Wednesday that a popular email vendor used by several crypto companies may have been compromised.

Tether CEO alleges a prominent email vendor, whose clients include several crypto companies, has been compromised. CoinGecko co-founder confirms potential supply chain email breach targeted at crypto companies. Crypto market cap is up more than 2% on Wednesday despite news. As a result, they said users must exercise caution not to fall victim to phishing scams and fake airdrop launches.

Ong also clarified that CoinGecko isn't planning to launch any tokens as scammers will likely target users with an email blast of fake token launches and phishing links in the coming days. Several crypto community members also confirmed that they've received a series of phishing emails from top crypto companies in the past 24 hours.

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