The internal infrastructure of TrueCoin remained unaffected and secure, with the company verifying that the breach was an isolated event involving only a third-party supplier.

The team behind TrueUSD (TUSD) stablecoin has reported a potential data leak involving KYC and transaction history data due to a breach of one of their third-party vendors. TrueCoin, the operator of TUSD until July 13, 2023, was alerted on October 16 about a suspicious account modification linked to a compromised support vendor, raising concerns of compromised customer data.

TrueCoin’s internal systems remained untouched and secure. The company assured that the attack was isolated and solely targeted a third-party vendor. TrueUSD, as stated on its official social media account, confirmed the security of its systems and reserves, affirming, “TUSD system is SECURE and not attacked. Both TUSD system and TUSD’s reserves are UNAFFECTED.”

Data breaches like this, which expose personal information such as names, emails, and phone numbers, are commonly used for phishing attacks. Attackers impersonate crypto services to deceive investors with promises of quick profits.

The full scope of the breach and its impact is yet unknown, as the total number of affected users has not been disclosed.

TrueUSD has not responded to Cointelegraph’s request for comment

TrueCoin distanced itself from Prime Trust, a Nevada-based company that abruptly stopped handling fiat and cryptocurrency transactions. TrueUSD reassured its users that it remained unaffected by this situation, emphasizing its diverse partnerships and multiple USD channels for minting and redemption, stating, “All your funds are safe with TUSD.”