Apple and Google’s 16 Billion Data Leak Raises Alarm for Crypto Security

A massive data leak involving 16 billion exposed passwords has sent shockwaves through the crypto community. Cybernews researchers uncovered 30 datasets compiled by info thieves, creating what analysts describe as a "blueprint for mass exploitation." The breach spans credentials from social media platforms to banking institutions and VPN services.

Crypto-adjacent platforms like Telegram were reportedly compromised, though exchanges weren't explicitly named. Paolo Ardoino, Tether's CEO, quickly moved to reassure users about his company's security measures. The fresh, crowdsourced nature of the data poses particular risks for account takeovers and targeted phishing attacks.

Security experts urge heightened vigilance, recommending against cloud-stored passwords and emphasizing physical storage for seed phrases. The incident underscores the persistent vulnerability of digital assets to credential-based attacks, coming amid an already troubling landscape of crypto hacks.