3Commas, a popular crypto trading bot, recently experienced a security incident where unauthorized trades were made on users’ accounts. The incident was limited in scope, but it highlights the vulnerability of the tool to bad actors. The trades occurred shortly after affected users had reset their passwords, indicating a data breach. However, the users’ API data and passwords were not compromised. It was discovered that most of the affected accounts did not have Two-Factor Authentication (2FA) enabled, which could have helped identify the attackers’ point of entry. As a precautionary measure, 3Commas developers advised users to change their passwords and enable 2FA. They also implemented a stopgap measure that disconnects the user from the API after a password reset to prevent unauthorized access. This incident has caused further damage to 3Commas’ reputation, as it is the third security breach in less than a year.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	0
People	None
Companies	3Commas
Currencies	Bitcoin
Securities	None