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 Ryan Kim (@0xryankim), a recent phishing attempt exploited calendar invite vulnerabilities, where a seemingly reputable contact arranged a call with missing organizer details and no Google Meet link, then sent a suspicious Zoom link via Telegram (source: Twitter). This incident underscores the need for crypto traders to verify meeting details, as social engineering attacks targeting communication tools can lead to compromised wallets and sensitive data theft, impacting both individual and institutional crypto market participants.

According to H.E. Justin Sun (@justinsuntron) on Twitter, traders are advised to prioritize security measures when engaging in crypto transactions. Sun's warning on May 3, 2025, highlights the importance of safeguarding digital assets against phishing attacks and scams, referencing recent incidents affecting major crypto platforms (source: Justin Sun Twitter, May 3, 2025). Traders should implement multi-factor authentication, regularly update wallets, and verify the authenticity of transaction links to mitigate risk.