Celsius users beware: Phishing attacks could escalate as Celsius suffers data leak


Share:
  • Celsius Network announced that vendor Customer.io recorded a breach of client email addresses and transferred it to a third party.
  • Phishing attacks targeting cryptocurrency users are on the rise; following OpenSea and MetaMask, Celsius users are likely to be targeted.
  • Celsius Network token CEL posted 15% gains, unaffected by the data leak and the possibility of malicious attacks on users.

Celsians Network, the unofficial community of Celsius holders, shed light on the data breach, where client email addresses were transferred to a third party. Though Celsians Network does not consider the breach a significant one, Celsius users could become new targets of phishing attacks. 

Also read: Celsius bankruptcy filings show a company in deep trouble

Celsius Network announces data leak by vendor

Celsius Network, a crypto lending company, announced that vendor Customer.io was informed of a data breach. A Customer.io employee accessed a list of Celsius client email addresses held on their platform and transferred those to a third party. 

Celsians Network believes the incident does not pose any high risk to clients whose email addresses may have been affected. However, the data breach makes Celsius users likely to be a target of phishing attacks. 

Phishing is a form of attack that targets users through emails, luring them to reveal personal data and clicking on links that lead to malicious websites to potentially install malware to steal crypto. The crypto ecosystem has witnessed an increase in such attacks since the beginning of 2022. Users of popular crypto wallet, MetaMask and NFT marketplace OpenSea were targeted in phishing attacks. 

Attacks were reported by websites like DeFiPrime, the firm that started Etherscan and CoinGecko, that saw attacks manifest as malicious pop-ups. 

Celsius plays down the incident, leaves users at risk

While Celsius Network played down the data breach and argued that it does not pose high risks, being aware of an email-address leak to a third party might call for more than “awareness.” An employee at Customer.io deliberately and with malicious intent used his access to gather the email addresses and deliver them to a third party. Terminating the Senior Engineer’s employment is far from the end of the road for users affected by the breach. 

Celsius and the vendor have failed to disclose critical pieces of information like the number of emails leaked, making contact with the affected users or details of the platform that now has access to the client email addresses. 

Protect against phishing attacks in three simple steps

Phishing is considered one of the most effective forms of cybercrime; however, there are a few steps to follow to prevent falling prey to such an attack. 

  • Be suspicious of urgent calls to action, threats, unknown senders - Emails that urge you to click, call or open an attachment. A false sense of urgency is associated with phishing attacks and scams. 
  • Mismatched email domains and generic greetings - Emails that claim to be from a reputed firm or an institute you recognize but are sent from a different email domain are commonly scams. Check for subtle misspellings of the legitimate domain, a common trick employed in phishing attacks. 
  • Suspicious links and attachments - If you suspect that an email message is a scam from a sender you do not recognize, do not click on links or open attachments. 

Celsius token rally unaffected by data leak

Celsius (CEL) token posted 15% gains overnight, nearly 80% over the past two weeks. CEL token’s price rally remained unaffected by the data breach incident. Forbes has compared the #celshortsqueeze to the GameStop campaign of 2021. To protect themselves from bears, Celsius have banded together under the Twitter hashtag #celshortsqueeze to make it difficult for short sellers of CEL. 

Analysts trade FX and cryptos live

Analysts at FXStreet traded FX and cryptos live in a recent YouTube video. To identify key assets to trade and for information on price targets, check the video below:


 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

TRON price rallies to yearly high following burn of over $12.6 million tokens

TRON price rallies to yearly high following burn of over $12.6 million tokens

TRON fee revenue reached an all-time high of $1.758 million on February 20. TRON network burned over 12.62 million tokens on Tuesday, likely catalyzing the altcoin’s gains. TRON price hit a 2024 peak of $0.14048 on Wednesday and the altcoin is likely to rally higher. 

More TRON News

Ethereum price briefly touches $3,000 for third time in a week

Ethereum price briefly touches $3,000 for third time in a week

Ethereum price crossed $3,000 for the third time this week, resulting in euphoria among crypto market participants. On-chain intelligence firm Santiment noted that traders bought Ethereum at the local top, above $3,000, out of the Fear Of Missing Out (FOMO).

More Ethereum News

XRP price suffers pullback with latest update in SEC v. Ripple lawsuit

XRP price suffers pullback with latest update in SEC v. Ripple lawsuit

XRP price dropped below $0.55 on Thursday as both Ripple and SEC work on remedy-related briefs. March 13 is the next key deadline for the SEC v. Ripple lawsuit. The court will determine penalties for Ripple’s institutional sales of XRP by the April 29 deadline. 

More Ripple News

Polygon inflation ends, MATIC price primed for explosive growth?

Polygon inflation ends, MATIC price primed for explosive growth?

Polygon’s Foundation contract shelled out the last remaining 273 million MATIC tokens on Wednesday, marking the end of the vesting period. This development means that there are no more tokens to unlock i.,e all of the MATIC tokens ever minted are now in circulation.

More Polygon News

Bitcoin: BTC eyes $60,000 but correction looms

Bitcoin: BTC eyes $60,000 but correction looms

BTC has been moving up only since January 22 but could slip into a consolidation before the next leg up. With the rate at which BTC is climbing after the ETF approval, coupled with strong fundamentals, investors should consider buying the dips before BTC hits $60,000.

Read full analysis

BTC

ETH

XRP