TrueUSD has sent an email to its clients, warning them about a security breach that led to the exposure of personally identifiable information.
Stablecoin issuer TrueUSD was hit by a third-party security breach that led to the exposure of personally identifiable information of some of its clients.
The breach involved TrueUSD's former banking, customer onboarding, and product management service provider TrueCoin, according to an email seen by The Block.TrueCoin informed TrueUSD that on September 20, 2023, a third-party vendor notified them about "an anomalous account change within TrueCoin's organization made by a compromised support vendor.
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