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3Commas denies allegations of API key theft

3Commas has denied its employees’ stole user’s API keys, claiming that screenshots circulating on social media are fake and urging affected users to file police reports to stop the perpetrators from stealing their funds. 

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3Commas has denied its employees’ stole user’s API keys, claiming that screenshots circulating on social media are fake and urging affected users to file police reports to stop the perpetrators from stealing their funds. 

Yuriy Sorokin ,3Commas co-founder and CEO  said that fake screenshots of Cloudflare logs are circulating on Twitter and YouTube in an attempt to convince people that there was a vulnerability within 3Commas .The alleged screenshots intend to show how customer’s API keys were exposed in 3Commas dashboard on Cloudflare.

Sorokin encouraged affected users to file a police report to get their exchange accounts frozen. Since the majority of crypto exchanges follow KYC standards, users are required to provide identity details to trade or withdraw funds. If affected users provided a police report, exchanges would be able to share this information with investigators.

3Commas claims to have identified evidence of phishing attacks as a contributory factor” for thefts. According to the company, the phishing attacks started in October, with bad actors trying different techniques. Sorokin stated.

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