"Circle says it lost $2M to Email fraudsters in June" For those of you who don't know, Circle it's the issuer of the stablecoin USDC that goes 1:1 with the USD dollar. Context: they're disclosing this incident because they intent to go public so full "transparency" ----- Circle Internet Financial lost $2 million to email fraudsters in an “incident” that occurred last month, the payments company said in Thursday regulatory filings. The “email fraud incident” did not impact customer funds and accounts, and Circle’s “information systems” remained secure, Circle said. It said the unnamed fraudsters stole $2 million in “company-owned funds” in June 2021. Circle made the disclosure as part of its preparation to go public through a merger with a special purpose acquisition company. The $4.5 billion payments company is positioning itself to be Wall Street’s highest-profile stablecoin specialty firm. ---- The thing is...... i don't trust that they're not compromised. Even the institutions like Circle get exposed to EMAIL FRAUD? My confidence is not sky-rocketing tbh. What do you think about it? Source: https://finance.yahoo.com/news/circle-says-lost-2m-email-175115921.html #Cryptocurrency