Why Data Breaches Still Matter in Crypto Security
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Although no wallets were compromised, Ledger warned users to stay alert for phishing attempts that could follow the data exposure. Criminals often use leaked contact information to impersonate support teams or send convincing scam messages, a tactic seen in past incidents across the industry.
The episode highlights a broader challenge facing crypto companies, where third-party service providers can become attack vectors. Similar data breaches have previously led to phishing campaigns targeting users of major platforms like Coinbase, Binance, and Trezor, underscoring that operational security extends far beyond the wallet itself.
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Phishing scales better than exploits.
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Social engineering beats cryptography.