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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

UBS Asset Management Launches Live Pilot Program for Tokenized Money Market Fund on Ethereum

UBS Asset Management is making significant strides in the world of tokenization with its live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. This initiative is part of UBS Asset Management's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. By partnering with traditional financial institutions and fintech providers, UBS aims to improve market liquidity and market access for clients. This move follows UBS's previous success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

Key Points: - UBS Asset Management is launching a live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. - This initiative is part of UBS's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. - UBS aims to improve market liquidity and market access for clients by partnering with traditional financial institutions and fintech providers. - UBS has previously found success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

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