Nansen is known in the industry as a trusted crypto analytics platform. However, this trust was shaken by a security breach. On September 20, the company received disturbing news that a third-party supplier’s systems were compromised.
Crypto security company Nansen is on the agenda with a security breach
The famous analytics platform announced that a third-party supplier was cyber-attacked recently. This attack amounted to unauthorized access to a vital account that gives users access to the platform. Nansen acknowledged that the attacker, who gained administrative access to this account, gained access to the data.
The data breach affected approximately 6.8% of Nansen’s user base. These users’ email addresses are at risk. A smaller group lost their password hashes. The worst part was that very few users’ Blockchain addresses were exposed to malicious actors.
https://twitter.com/nansen_ai/status/1705137387838574904
To measure the impact of the security breach, the company launched a rigorous 48-hour investigation. The results justified concerns about the security of user data. An email was sent to affected crypto users detailing the extent of the breach and possible consequences for each user.
Precautions and recommendations
Nansen took swift action following this security breach. It notified affected users and advised them to change their passwords. He also called on people to be careful against phishing attacks.
On the other hand, Nansen encourages the third-party supplier that is the source of the leak to publicly disclose this breach. This type of disclosure plays a critical role in alerting other potentially affected organizations.
The crypto industry frequently encounters such security breaches. However, ensuring the security of user data is a top priority for companies. This incident experienced by Nansen is a warning for the crypto community. Both individual users and companies should be more careful about data security.
Linear Protocol hit zero with a hack attack on September 21
The cryptocurrency world frequently comes to the fore with security breaches and hacking incidents. In another recent development, decentralized protocol Linear Protocol announced in a statement from its X account that its stablecoin LUSD was hacked. This caused concern and panic in the crypto community.
The Linear team then issued an urgent warning to users not to use LUSD. In the company’s statement, “Linear stablecoin LUSD is the target of an exploit attack. DO NOT BUY LUSD, DO NOT TRADE while the team investigates! Cleanups have been stopped and user accounts are not at risk. More updates will follow.” There were statements.
https://twitter.com/LinearFinance/status/1704818417880936535
As reported by Kriptokoin.com, the Linear team later reported that the exploit was linked to Aave tokens. The attack suffered by the crypto project ended all ℓUSD liquidity on PancakeSwap and Ascendex, thus resetting the value of ℓUSD.
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