- 3Commas, a cryptocurrency trading platform, has denied allegations that some of its staff members stole API keys from its users.
- The allegations were made on social media, where several users claimed that their API keys had been stolen and used to manipulate their trades.
- 3Commas is continuing to investigate the issue and has requested users file a police report in order to halt any further withdrawals.
3Commas, a popular cryptocurrency trading platform, has recently faced accusations that some of its staff members stole API keys from its users. The company has denied these allegations, stating that it has strict security measures to prevent such incidents.
The allegations first surfaced on social media, where several users claimed that their API keys, which are used to connect their 3Commas accounts to external exchanges, had been stolen and used to manipulate their trades. Some users reported significant losses as a result of the alleged thefts.
3Commas CEO Yuriy Sorokin has reported that fake screenshots of Cloudflare logs are circulating on Twitter and YouTube. According to Sorokin, these fake screenshots are being used to convince people that there was a vulnerability within 3Commas and that the company was negligent in protecting user data and log files.
In response to these accusations, 3Commas issued a statement denying that any of its staff members were involved in the theft of API keys. The company emphasized that it takes the security of its users’ accounts very seriously and has implemented numerous measures to prevent unauthorized access to sensitive information.
One of these measures is using two-factor authentication, which requires users to enter a code sent to their phone or email in addition to their password when logging into their accounts. This helps prevent unauthorized access even if someone obtains a user’s password.
3Commas also stated that it has a dedicated security team that monitors the platform for any suspicious activity and investigates potential security breaches. The company assured its users that it is committed to ensuring the safety and security of their accounts.
Despite 3Commas’ denial of the allegations, some users remain skeptical and have called for the company to provide more information about the security measures it has in place. In the meantime, the company has advised its users to enable two-factor authentication and to take other precautions, such as not sharing their API keys with anyone and regularly changing their passwords, to protect their accounts.
The situation serves as a reminder of the importance of security in cryptocurrency trading. With the growing popularity of digital currencies, it is essential for trading platforms like 3Commas to have robust security measures in place to protect their users’ information and assets. By taking the necessary precautions and being vigilant, users can help to protect themselves against potential security threats.
3Commas is continuing to investigate the issue and has requested users file a police report to halt any further withdrawals. It is unclear how long the investigation will take, but the platform is committed to providing a timely resolution.
