Popular cryptocurrency portfolio management software CoinTracker has been hit with a potential data breach.
Portfolio management software like CoinTracker solves users’ headaches by tracking their entire crypto holdings across centralized and decentralized exchanges and staking pools. Some users find it useful for tax filing.
This time, hackers targeted a centralized platform instead of a decentralized finance (DeFi) protocol to access the personal data of cryptocurrency users. According to CoinTracker’s report, they found a list of leaked emails. They reported that no other personal or financial information was compromised.
CoinTracker states that there are no additional actions users need to take, but users should Frustration And ask them to “take responsibility”.
How CoinTracker Users’ Data Was Compromised
Twitter user report CoinTracker has confirmed via email that a third-party service, Twilio, has been compromised as hackers gained access to CoinTracker users.
Twilio is the parent company of SendGrid. SendGrid is a customer communication platform for transactional and marketing emails based in Colorado. The hackers got access to the employee’s account and eventually to her CoinTracker mailing list.
Reports on social media platforms show that, in some cases, no sensitive information other than mailing lists and mobile phone numbers were exposed.
Since the crypto ecosystem is in its early stages, it has been a favorite target of hackers. On Sunday, Binance users reported some unusual transactions. The transaction raised concerns that the hacker had stolen some users’ API keys through his 3Commas and used those accounts to carry out transactions. However, Binance denied that there was an API breach.
Hackers stole more than $400 million from the FTX exchange last month after it filed for bankruptcy. According to a Chainalysis report, the hackers $3 billion In 2022, user funds were exfiltrated through over 125 hacks. October was the month with the most hacking activity.
Have something to say about CoinTracker, crypto hacking, or anything else? Write us or join the discussion on our Telegram channel. TikTok, Facebook, or twitter.
Latest from BeInCrypto Bitcoin (BTC) Analysis, click here
BeInCrypto has reached out to the companies or individuals involved in the story to obtain an official statement regarding the recent developments, but has yet to hear back.