Stablecoin issuer TrueUSD encountered a third-party security breach, resulting in the leakage of some customers' personal identification information

2023-10-16 20:18:55
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ChainCatcher news, according to The Block, the stablecoin issuer TrueUSD has encountered a third-party security breach, resulting in the leakage of some customers' personal identification information. Customer addresses, birth dates, bank names, transaction histories, and blockchain account public addresses have also been exposed.

According to an email seen by The Block, the breach involves TrueUSD's former bank, customer onboarding, and product management service provider TrueCoin.
TrueCoin notified TrueUSD that on September 20, 2023, a third-party vendor informed them of "anomalous account changes within TrueCoin's organization, which were caused by a compromised support vendor." TrueCoin added that it has no records of attackers downloading, altering, or deleting personal identification information from its system.

The email stated that upon receiving the notification, TrueCoin's cybersecurity and engineering teams immediately launched an investigation, and TrueCoin's own internal systems were not compromised. TrueUSD added that in light of this incident, customers are advised to closely monitor their personal accounts for any suspicious activity.

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