Reddit Users Lose Bitcoin Tips After Third-Party Breach

Reddit has confirmed that one of its email providers, Mailgun, has been breached, resulting in the hacks of user profiles and their linked cryptocurrency accounts.

Attackers infiltrated Reddit accounts using password reset emails sent via the third-party vendor. Several Redditors also reported that their Bitcoin Cash tip accounts had been emptied out.

Despite the alarming details, Reddit urged the public to maintain perspective, noting that the attackers “did not have access to either Reddit’s systems or to a Redditor’s email account,” adding that the number of confirmed impacted users is less than 20 so far.

“On 12/31, Reddit received several reports regarding password reset emails that were initiated and completed without the account owners’ requests,” Reddit explained in a post. “We have been working to investigate the issue and coordinating with Mailgun, a third-party vendor we’ve been using to send some of our account emails including password reset emails,” it continued.

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