According to Cointelegraph, the creators of TrueUSD (TUSD), a stablecoin, announced a potential leak of certain Know Your Customer (KYC) and transaction history data. This initiative took place after one of TrueCoin’s third-party vendors was compromised.
Sources revealed that TrueCoin operated TUSD stablecoin till July 13, 2023. On October 16, 2023, a third-party vendor’s security team mentioned TrueCoin as “an anomalous account change within [TrueCoin’s] organisation made by a compromised support vendor.” It is believed that there has been a compromise of some of TUSD’s existing customer data.
“TUSD team was informed by TrueCoin that they received a third-party vendor’s notification that the vendor’s Security Team detected “an anomalous account change within [TrueCoin’s] organisation made by a compromised support vendor,” TrueUSD tweeted.
Furthermore, the TUSD system is expected to be secure and not attacked. Both the TUSD system and TUSD’s reserves are unaffected, Cointelegraph concluded.
(With insights from Cointelegraph)
