Crypto Phishing Surge: How the OpenSea Email Breach Compromised 7 Million Accounts

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The 2022 cyberattack on OpenSea’s email service provider, which compromised email addresses, has taken a concerning turn. In particular, as reported by a security researcher at SlowMist, this time, the leaked database that includes 7 million email addresses became fully disclosed after several rounds of dissemination and poses great threats to the international crypto audience.

The Extent of the Leak

The attack was first reported in 2022 and was quite disruptive for many of the involved crypto entities. These targets include the Binance founder changpeng zhao changpeng zhao Changpeng Zhao is the Founder and Chief Executive Officer at Binance. His contribution to the enhancement of Binance made the platform the world’s largest cryptocurrency exchange since its inception in 2017. Zhao launched the blockchain network Binance Smart Chain which has made a remarkable contribution to the development of the decentralized finance ecosystem. Whereas in 2019, he launched Binance’s US affiliate, Binance. The US. Details: Organization: Binance Location: United Arab Emirates Skills: Trading System and Electronic Trading Experience: CEO at Binance from Jul 2017 to Nov 2023 · Founder at BijieTech from Sep 2015 to Jul 2017  Head of Development at Blockchain.com from 2013 - 2014 · Partner at Fusion Systems Group  from Nov 2005 to Dec 2013  Head of Tradebook Futures Development at Bloomberg from 2001 - 2005  FAQ 1. What is the net worth of Changpeng Zhao?  Changpeng's net worth is $6,260 crores. 2. What are the latest investments of  Changpeng Zhao? Changpeng Zhao investing in the blockchain sector as well as artificial intelligence and biotechnology   EntrepreneurInvestorChief Executive Officer key firms, and [Industry] Key Opinion Leaders (KOLs) contained in the leaked database. The leak is not one that is restricted from the traders in the cryptos only but some influencers or personalities who have great impact in the cryptos space.

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Implications for Crypto Users

Such important information leakage has elicited a lot of concern in the industry due to its exposure. The disclosed data poses considerable danger with regard to phishing scams when in this type of fraud the enemy uses e-mail to lure the victim to disclose personal information or give access to his or her money.

Phishing emails trend mimic actual platforms such as wallets exchanges, or service providers. This can involve legitimate-looking clickable links to a site with a fake sign-in page or documents notoriously included with viruses that will steal private keys or other authentication information.

According to multiple sources, Phishing attacks have emerged as the major attack vector in 2024 with over $ 1 billion lost to it from the crypto industry.

This breach is a clear illustration of the issue with cryptocurrency communities and third parties and services. The fact is that OpenSea was not attacked directly, but the relatively low level of security of its mail service provider shows that one should check the security of all connected platforms.