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3Commas Heightens Security After User Accounts Compromised

3Commas intensifies security measures following the compromise of user accounts and unauthorized trading activities.
Published on 2023-10-10

Increased Security Measures by 3Commas

3Commas, a prominent crypto trading bot provider, has escalated its security protocols following reports of compromised user accounts. The incident has raised concerns about unauthorized trading activities carried out through these accounts.

User Accounts Compromised

The issue was highlighted by 3Commas' co-founder and CEO, Yuriy Sorokin, who acknowledged receiving reports from users. These users noticed unauthorized transactions on their accounts even after resetting their passwords. This situation prompted a thorough investigation by the company.

Investigation Findings

The investigation revealed that only a limited number of user accounts were affected by this security breach. However, 3Commas has not disclosed the exact number of compromised accounts. This lack of disclosure has left users questioning the extent of the breach.

Company Response

In response to the security breach, 3Commas is on "heightened alert" and has intensified its efforts to safeguard user accounts. The company is committed to ensuring the security and integrity of its platform, aiming to prevent further unauthorized activities.

Conclusion

The incident underscores the importance of robust security measures in the crypto trading industry. It serves as a reminder for users to remain vigilant and take proactive steps in protecting their accounts. 3Commas continues to prioritize user security and is actively working to address and resolve the situation.

By addressing these challenges head-on, 3Commas aims to restore trust and confidence among its user base, reinforcing the significance of security in the rapidly evolving crypto landscape.

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