TUSD Users Data Gets Leaked; Truecoin Sounds Alarm
TrueUSD warns of a data leak risk. TrueCoin, who manages TUSD, says their own system is safe but warns users to be cautious. Funds with TUSD remain secure.
TrueUSD (TUSD), a popular stablecoin, warned of a possible leak of some customer details. This happened after a company working with TrueCoin, the company in charge of TUSD, faced a security issue.
However, TrueCoin's own systems were safe. They said the problem was only with this other company. TrueUSD made it clear on their X (like Twitter) page: "TUSD system is SECURE. All our reserves are SAFE."
When such leaks happen, bad people can use the stolen details to trick others. They pretend to be real crypto services and promise to make you rich quickly.
It's not known how many users had their data exposed. TrueCoin didn’t say the exact number during their announcement.
Lastly, there were problems at a company named Prime Trust which stopped all its crypto activities. But TrueUSD said they are not connected to this issue. They said: “All your funds are safe with TUSD.”
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
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Published by CoinPaprika on 20 Mar 2025.