Email Compromise Sparks Surge in Crypto Account Takeovers

The Singapore police have warned of an increase in unauthorized access to cryptocurrency accounts through compromised email since mid-August.

According to CNA, investigators found that several affected email accounts had appeared in earlier data breaches on other platforms.

The police suspect that exposed credentials and password reuse may have helped attackers gain access.

Once inside an inbox, attackers may be able to work out which crypto services its owner uses, and then intercept recovery links, verification messages, or one-time passwords delivered by email.