NYDIG, BlockFi, Pantera, Circle All ‘Targeted’ in HubSpot Data Breach

HubSpot – which stores users’ names, email addresses and phone numbers – said that the breach was a “targeted incident focused on customers in the cryptocurrency industry”

article-image

Blockworks Exclusive art by axel rangel

share

key takeaways

  • Around 30 clients were impacted, but the full list has not been released yet from HubSpot, nor is the precise nature of the data known
  • Companies known to be affected said customer funds are still safe and secure

In an attempt to target large crypto stakeholders, hackers breached third-party marketing vendor HubSpot last week.

NYDIG, Pantera Capital, BlockFi, Circle and Swan Bitcoin were among those hit by the data breach, per outreach emails reviewed by Blockworks. Affected companies maintain customer funds are still safe and secure. User information was leaked to hackers, but passwords and other sensitive personal information were not. 

HubSpot — which stores users’ names, email addresses and phone numbers — said that the breach was a “targeted incident focused on customers in the cryptocurrency industry.”

One “bad actor,” according to a spokesperson from HubSpot, had “compromised a HubSpot employee account” to access the information. Around 30 clients were impacted, all of whom have been informed.

“We have terminated access for the compromised HubSpot employee account and removed the ability for other employees to take certain actions in customer accounts,” the Massachusetts-based company said in an email to Blockworks. “We take the privacy of our customers and their data incredibly seriously.”

Adam Healy, chief security officer at BlockFi, said that vendors like HubSpot who are “trusted with client information” are “subjected to a number of reviews.” 

“However, even in those cases, vendors can make mistakes and as evidenced by Friday’s events have incidents that impact us and our clients,” Healy said in a statement sent to Blockworks. 

Circle, the financial services firm that issued the dollar-linked stablecoin, said in a statement to Blockworks that financial transaction data was not “impacted by the security incident.” 

“We have communicated with the affected parties and will follow up with them on any material developments as we continue to monitor and investigate the incident,” a Circle spokesperson told Blockworks.

“Sensitive personal information, like Social Security numbers or government-issued identification, were not accessed as this information is not stored on HubSpot.”

Pantera Capital said that its HubSpot account had been compromised last month. The crypto VC firm sent out an email on March 19, assuring clients that their funds were still secure. 

Events like the HubSpot hack are “impossible to avoid” but pale in comparison to “traditional companies,” Greg Gopman, chief marketing and business development officer of Web3 infrastructure company Ankr, told Blockworks.

“There’s a good chance that a traditional company would have lost its customers’ funds in such a broad attack,” Gopman said. “But the blockchain is way more secure, and their treasuries weren’t even touched. Decentralized infrastructure protects data.”

The full extent of the HubSpot hack is still unclear, however, because the company hasn’t disclosed exactly how much data was leaked. The investigation is ongoing.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg

Research

The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.

article-image

Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral

article-image

Sponsored

Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM

article-image

The side events were the places to be at Consensus 2024, according to attendees

article-image

Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them

article-image

I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right

article-image

Also, the ETF hype train can count out at least one member