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Unveiling the MailerLite Phishing Attack: A Deep Dive into the Crypto Market Breach

The recent phishing attack on email service provider MailerLite has raised significant concerns within the crypto market. The company disclosed to Decrypt that the breach, which occurred when a support team member unwittingly fell victim to a deceptive link and provided their Google credentials, resulted in unauthorized access to MailerLite's internal system. Here are the key points of the incident: Hackers gained access to MailerLite's internal system by executing a password reset for a specific user on the admin panel. They were able to impersonate user accounts, focusing primarily on cryptocurrency-related accounts. A total of 117 accounts were accessed, with some being used to launch phishing campaigns using stolen information. Notable affected accounts included CoinTelegraph, Wallet Connect, Token Terminal, DeFi, and Decrypt. The hackers managed to steal over $580,000, according to ZachXBT, with the funds being sent to a specified address. Web3 security firm Blockai

Plummeting Institutional Crypto Trading Volume in North America: The Impact of U.S. Bank Failures

Institutional crypto trading volume in North America experienced a significant decline following a series of high-profile U.S. bank failures in March. These failures, which included banks such as Silicon Valley Bank, Signature Bank, and Silvergate, had a profound impact on the crypto industry, particularly in terms of accessing US dollar liquidity. As a result, crypto businesses were forced to seek banking support offshore, leading to a contraction in crypto activity in the region. One notable consequence of this shift was the loss of presence for stablecoins in North America, with the region's share of crypto volume occupied by stablecoins dropping from 70.3% to 48.8% between February and June. This decline in institutional crypto trading volume highlights the challenges faced by the industry in the wake of banking failures, and raises questions about the future of stablecoins in North America.

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