Circle CSO’s Twitter Account Breached by Scammers

Circle, the USDC issuer, recently reported that its Chief Security Officer’s (CSO) Twitter account was breached by scammers.

Circle announced the incident in a tweet on Tuesday, April 13, saying: “Any links to offers are scams. We are investigating the situation and taking action accordingly.”

The CSO account breach is the latest security incident involving a cryptocurrency-related company. In March, a major Turkish cryptocurrency exchange was reportedly hacked and funds stolen.

Cryptocurrency users are advised to take extra measures to ensure their accounts are adequately secure and to always double-check any links prior to clicking.

Circle is one of the largest players in the USDC space and is a major issuer of the stablecoin in the US. The company recently raised $440 million in a Series E fundraising round, which was led by Fidelity Investments.

Overall, the incident is a stark reminder of the risks associated with cryptocurrency investments and the importance of taking extra steps to protect your accounts.