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Attempt to access client data hosted by Hubspot was confirmed by BlockFi

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Hubspot, which is a third-party vendor for BlockFi, stored user data such as names, emails, and phone numbers, which has historically been used to conduct phishing attacks.


Crypto financial institution BlockFi confirmed a data breach incident to one of its third-party vendors, Hubspot. BlockFi announced the breach in an attempt to deter the intentions of bad actors of repurposing the user data for fraudulent purposes.

According to the announcement, the hackers gained access to BlockFi’s client data on Friday, March 18, that were stored on Hubspot, a client relationship management platform:

“Hubspot has confirmed that an unauthorized third-party gained access to certain BlockFi client data housed on their platform.”

In its role as a third-party vendor for BlockFi, Hubspot stored users' information such as their names, emails, and phone numbers. In the past, bad actors have exploited such information by phishing and gaining access to accounts via user-provided passwords.

In the meantime, BlockFi is helping Hubspot to investigate the data breach to gain a better understanding of its overall outcome. While the exact details of the breached data are yet to be identified and revealed, BlockFi reassured users by highlighting that personal data — including passwords, government-issued IDs and social security numbers — “were never stored on Hubspot.”

Further, BlockFi has confirmed the breach was limited to Hubspot and that no funds or information of its own have been accessed. 

The company further recommended four methods to help users protect their online presence from bad actors — good password hygiene, two-factor authentication (2FA), allowlisti trusted applications and vigilance against scammers.

In conclusion, BlockFi acknowledged that time is of the essence and their investigations are being accelerated to identify the extent of the breach:

“Additional information will be emailed to all impacted clients in the coming days.”

Stating to the final acknowledgement Hubspot Investors are advised to be wary of all company communication, especially that demand urgency in requesting/changing personal details including passwords and wallet addresses.

Also Read - $124 million fraud allegedly committed by siblings of US

On Mar. 8, the Securities and Exchange Commission (SEC) charged siblings John Albert Loar Barksdale and sister JonAtina (Tina) Barksdale with violating federal securities laws and allegedly defrauding at least 12,000 “retail investors out of more than $124 million.”

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