According to Paolo Ardoino (@paoloardoino), a massive leak has exposed 16 billion passwords due to cloud vulnerabilities, highlighting increased security risks for cryptocurrency traders and exchanges. Ardoino announced the upcoming launch of PearPass, a fully local, open-source password manager that eliminates cloud and server dependencies, aiming to prevent future breaches. Crypto users are advised to review their security protocols, as such large-scale leaks can lead to targeted phishing attacks and wallet compromises, directly impacting trading safety and asset protection (Source: Paolo Ardoino on Twitter, June 19, 2025).

According to Fox News, a massive data breach has exposed 184 million passwords and logins, raising serious concerns about account security across cryptocurrency exchanges and trading platforms (source: Fox News, June 1, 2025). Cybersecurity analysts warn that compromised credentials could lead to unauthorized access to crypto wallets and trading accounts, increasing the risk of theft and large-scale liquidations. Traders are urged to enable two-factor authentication and monitor their accounts for unusual activity to mitigate potential losses. This incident highlights the importance of robust security measures in cryptocurrency trading and may prompt exchanges to tighten security protocols and temporarily restrict withdrawals (source: Fox News).