{"id":61766,"date":"2023-10-17T04:31:31","date_gmt":"2023-10-17T08:31:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=61766"},"modified":"2023-10-17T04:31:34","modified_gmt":"2023-10-17T08:31:34","slug":"truecoin-third-party-vendor-breach-tusd-user-data-at-risk","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/truecoin-third-party-vendor-breach-tusd-user-data-at-risk\/","title":{"rendered":"TrueCoin Third-Party Vendor Breach: TUSD User Data at Risk"},"content":{"rendered":"\n

TrueCoin's internal systems<\/a> were not compromised or accessed, and the company affirmed that the attack was limited to a single vendor.<\/p>\n\n\n\n

\"\"
TrueCoin Third-Party Vendor Breach: TUSD User Data at Risk<\/figcaption><\/figure>\n\n\n\n

After one of TrueCoin's third-party vendors was compromised, the team behind the stablecoin TrueUSD (TUSD) announced a potential disclosure of certain Know Your Customer (KYC) and transaction history information.<\/p>\n\n\n\n

Until July 13, 2023, TrueCoin was the operator of the TUSD stablecoin. The security team of a third-party vendor informed TrueCoin on October 16 of \u201can anomalous account change within [TrueCoin\u2019s] organization made by a compromised support vendor.\u201d TrueCoin, therefore, suspects that some of TUSD's extant customer data has been compromised.<\/p>\n\n\n\n

TUSD team was informed by TrueCoin that they received a third-party vendor's notification that the vendor\u2019s Security Team detected \u201can anomalous account change within [TrueCoin\u2019s] organization made by a compromised support vendor.\u201d<\/p>— TrueUSD (@tusdio) October 16, 2023\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote> \n\n\n\n

TrueCoin's internal systems were not compromised or accessed, as the intrusion was limited to a third-party vendor. \u201cTUSD system is SECURE and not attacked. Both TUSD system and TUSD\u2019s reserves are UNAFFECTED,\u201d<\/p>\n\n\n\n

Names, email addresses, and phone numbers, among other information obtained from such intrusions, are typically used in phishing attacks. Attackers target unwary investors by imitating various crypto services, frequently promising high returns in a brief period.<\/p>\n\n\n\n

The impact of the attack and the resulting data breach has yet to be determined, as the total number of users whose information was compromised was not disclosed during the announcement.<\/p>\n\n\n\n

TrueCoin recently severed ties with Prime Trust, a Nevada-based exchange, <\/use><\/svg><\/span><\/a>after the latter unexpectedly ceased fiat and cryptocurrency deposits and withdrawals.<\/p>\n\n\n\n

TrueUSD announced that “it is not affected by the situation” at Prime Trust, highlighting its diverse partnerships and commitment to sustaining “multiple USD rails” elsewhere. TrueUSD stated that:<\/p>\n\n\n\n

\n
\n
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\u201cPrimeTrust has suspended all deposits of fiat and digital assets. #TrueUSD (#TUSD) is not affected by this situation. We have no exposure to Prime Trust and maintain multiple USD rails for minting and redemption. Rest assured, all your funds are safe with TUSD,\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TrueCoin’s internal systems were not compromised or accessed, and the company affirmed that the attack was limited to a single vendor. After one of TrueCoin’s third-party vendors was compromised, the team behind the stablecoin TrueUSD (TUSD) announced a potential disclosure of certain Know Your Customer (KYC) and transaction history information. Until July 13, 2023, TrueCoin […]<\/p>\n","protected":false},"author":53,"featured_media":61770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,11476],"tags":[5443,8655,5950,15004],"class_list":["post-61766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-hacks-and-scams","tag-altcoin-2","tag-data-breach-2","tag-kyc-2","tag-tusd"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/tu.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=61766"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/61770"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=61766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=61766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=61766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}