“Third-Party” Email Data Leak Exposes 5.7 Million Gemini Users to Phishing Attacks

Gemini has reported that 5.7 million users are at risk of phishing attacks after emails were leaked by third-party.

“Third-Party” Email Data Leak Exposes 5.7 Million Gemini Users to Phishing Attacks

Gemini, the crypto exchange led by the Winklevoss twins, has seen its users targeted by phishing attacks after the emails of 5.7 million users were stolen in a “third-party” data breach.

5.7 Million Gemini Users Targeted by Phishing Attacks

On Wednesday, December 14th, Gemini announced that the emails and phone numbers of 5.7 million users were stolen as a “result of an incident at a third-party vendor.” However, Gemini did not state the name of the party responsible for the data breach.

Sponsored

Gemini announced that the hacker did not gain full access to users’ phone numbers as certain numeric digits were obfuscated. Gemini also clarified that the leak did not include sensitive personal information such as names, addresses, and other Know Your Customer information.

While the hacker didn’t get access to this sensitive information, Gemini users have been the target of phishing campaigns. As such, Gemini has advised users to reset their emails, change their passwords, use two-factor authentication, and avoid scam emails.

Gemini Reported the Leak Late

Although Gemini has taken steps to protect its customers from phishing campaigns, users have reported that the exchange did not handle the leak properly, releasing the information after the breach.

Alleged reports of users receiving mysterious emails began surfacing on the Official Gemini Subreddit as early as October. Users have also taken the opportunity to slam Gemini for not handling the data breach well.

On the Flipside

  • Gemini also confirmed that none of its systems were impacted by the data breach and all funds and customer accounts remain secure.

Why You Should Care

Phishing, a type of scam that involves sending a fraudulent message designed to trick a person into revealing sensitive information, is becoming prevalent in crypto.

Read about Gemini’s recent issue as part of the FTX contagion in:
Genesis’ Lending Arm, Gemini Earn, Halt Withdrawals as FTX Contagion Spreads

Binance has also been targeted in phishing attacks. Read below:
Binance CEO Warns Crypto Enthusiasts About Phishing Scams on Google

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia