TrueCoin’s third-party vendor breach potentially leaks TUSD user data

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Stablecoin TrueUSD (TUSD) introduced a possible leak of sure Know Your Buyer (KYC) and transaction historical past information as one in all TrueCoin’s third-party distributors acquired compromised. 

TrueCoin was the operator of the TUSD stablecoin until July 13, 2023. On Oct. 16, a third-party vendor’s safety crew knowledgeable TrueCoin of “an anomalous account change inside [TrueCoin’s] group made by a compromised help vendor.” Because of this, TrueCoin suspects the compromise of a few of TUSD’s current buyer information.

TrueCoin’s inner programs weren’t impacted or accessed, as the corporate confirmed that the assault was an remoted incident on a third-party vendor. “TUSD system is SECURE and never attacked. Each TUSD system and TUSD’s reserves are UNAFFECTED,” affirmed TrueUSD by way of its official X (previously Twitter) account.

Information collected from such breaches — names, electronic mail addresses and telephone numbers, amongst others — are sometimes used for phishing assaults. Attackers attain out to unwary buyers by mimicking numerous crypto companies, typically promising excessive income in brief quantities of time.

The impression of the assault and the resultant information leak is but to be recognized, as the overall variety of customers’ information was not revealed throughout the announcement.

TrueUSD has not but responded to Cointelegraph’s request for remark.

Associated: TrueUSD stops minting via Prime Trust, loses dollar peg

TrueCoin not too long ago distanced itself from Nevada-based Prime Belief proper after the latter abruptly halted all fiat and cryptocurrency deposits and withdrawals.

TrueUSD introduced that “it isn’t affected by the scenario” at Prime Belief whereas emphasizing its diversified partnerships and sustaining “a number of USD rails” elsewhere.

“PrimeTrust has suspended all deposits of fiat and digital belongings. #TrueUSD (#TUSD) is just not affected by this case. We’ve no publicity to Prime Belief and preserve a number of USD rails for minting and redemption. Relaxation assured, all of your funds are secure with TUSD,” TrueUSD acknowledged.

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