Tether CEO Warns of New Crypto Airdrop Scam, CoinGecko at Risk

Cryptocurrency enthusiasts should exercise the utmost caution following a stern warning from a notable industry figure about a possible surge in crypto airdrop scam emails. A widely-used email list management provider, employed by numerous crypto firms, was reportedly compromised in a data breach, as revealed by Paolo Ardoino, the CEO of Tether. On June 5, Ardoino alerted his 234,000 followers, stating, “We received now two independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised.”

Although Ardoino has not yet disclosed the identity of the affected company, he assured his followers that more information would be provided once the investigation is complete. He urged users to remain vigilant, especially with emails suggesting crypto airdrops received in the last 24 hours. has reached out to Tether for further comments on this issue.

The severity of the breach was corroborated shortly after Ardoino’s warning by another major player in the crypto industry. CoinGecko, a cryptocurrency tracking platform, verified that the breach impacted a crypto email newsletter provider used by multiple companies. Bobby Ong, the co-founder and COO of CoinGecko, provided more details in a post. Ong emphasized the potential risks for CoinGecko users and assured them that the company is actively collaborating with the vendor to assess the extent of the breach.

Ong also highlighted the immediate aftereffects of the breach, noting that phishing emails masquerading as CoinGecko communications were being sent from other client accounts. He specifically cautioned users against any emails mentioning a CoinGecko token, clarifying that no such token is in development.

In light of these events, it is vital for all individuals involved in the crypto space to be exceedingly careful with unsolicited emails, particularly those that promise new token launches or airdrops. Such emails could easily be part of sophisticated phishing schemes designed to compromise personal information and assets.

The incident sheds light on the growing vulnerabilities within the crypto industry’s supply chain, especially as it pertains to data security. Companies relying on third-party vendors for critical services like email management must prioritize stringent security measures to mitigate such risks. Periodic security audits and swift incident response mechanisms can play a crucial role in maintaining the integrity of user data.

Users are advised to inspect all incoming emails carefully, verify the source, and avoid clicking on any suspicious links or providing sensitive information. Awareness and education regarding typical phishing techniques can also significantly reduce the risk of falling victim to such scams.

As the investigation into the breach continues, industry leaders and security experts will be closely monitoring the situation. Updates from affected companies like Tether and CoinGecko are expected to provide more clarity and guidance for users to protect themselves. Until then, caution remains the best defense against potential phishing attacks that exploit such data breaches.

Minerva Mizelle

Minerva Mizelle

29 thoughts on “Tether CEO Warns of New Crypto Airdrop Scam, CoinGecko at Risk

  1. Much-needed cautionary advice from the crypto giants. Grateful for the heads-up! Stay safe, everyone! ” 💡

  2. These phishing scams are getting out of hand. Crypto firms must do better to protect our emails and personal data!

  3. Major props to Tether and CoinGecko for the transparency. This breach is a serious reminder to stay alert!

  4. Who knew emails could hide such risks? Grateful to Tether and CoinGecko for their vigilance and communication!

  5. Grateful for the timely warning from Tether and CoinGecko. Always skeptical about emails, but now even more so!

  6. Great advice from industry leaders. Always verify email sources, especially now. Thanks for keeping us informed, Tether and CoinGecko!” 🙌

  7. I’m glad leaders like Paolo Ardoino and Bobby Ong are looking out for us. Never been more cautious with my emails! ” 💪

  8. I can’t believe I have to be on high alert every time I get an email. Crypto firms need to do way more to protect us. This is unacceptable.

  9. Thanks for bringing this to light, Paolo and Bobby. It’s crucial we all remain vigilant with our email communications.

  10. Why do these companies wait until after a breach to take action? Prevention should be key, not damage control!

  11. Security should always be a priority. Thanks to Tether and CoinGecko for keeping us in the loop!

  12. So frustrating that user data isn’t being guarded properly. If the big players can’t protect us, who can? 😔

  13. Phishing schemes are getting more sophisticated! Kudos to Paolo Ardoino and Bobby Ong for their proactive approach. Stay vigilant, everyone!

  14. How many more warnings and breaches do we need before these companies take cybersecurity seriously? It’s like they never learn! 🤯

  15. Important notice from Tether and CoinGecko – check your emails carefully. Thank you for your transparency!

  16. Just great, now I have to scrutinize every email for potential scams. This constant threat is exhausting!

  17. Not sure why these firms arent doing more to prevent breaches. Maybe we need stronger regulations in crypto to enforce better security!

  18. Thanks to Paolo Ardoino and Bobby Ong for prioritizing user safety. Let’s all be extra cautious with unsolicited crypto emails!

  19. Excellent cautionary advice. Kudos to Ardoino and Ong for their swift action. Secure your information, everyone!” 🔒

  20. Imagine getting fished just because some company couldnt secure their email list. Isnt it basic security by now?

  21. Big thanks to Tether’s CEO and CoinGecko’s team for the warnings. Vigilance is key in the crypto world!

  22. Thanks Paolo Ardoino and Bobby Ong for shedding light on this issue. Let’s all be smarter with our emails!

  23. A critical reminder: always scrutinize your emails. Thanks for raising awareness, Tether and CoinGecko!” 🌟

  24. A timely reminder from Tether and CoinGecko about email security. Lets all be cautious and informed!

  25. Every time I feel like crypto is getting safer, something like this happens. Tether and CoinGecko, get your act together!

  26. Appreciate the heads-up about potential phishing threats. Stay safe and informed, fellow crypto enthusiasts!” 🧠

  27. Thank you, Paolo and Bobby, for the transparency. We must protect ourselves and our data. Stay safe!

  28. Crypto community, let’s stay united and vigilant. Thanks for the heads-up, Tether and CoinGecko!

  29. Another day, another breach. Crypto seems like a magnet for criminals. How can we keep our assets safe if the services arent secure?

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