According to BlockBeats, on July 4, application developer Twilio issued a security alert that hackers gained access to the Authy Android application database and were able to identify data associated with accounts, including phone numbers. Although the account itself was not compromised, the leaked phone number may be used for phishing and SMS phishing attacks in the future. Therefore, Twilio encourages Authy users to remain vigilant and be highly alert to received text messages. Users of centralized trading platforms often rely on Authy for two-factor authentication (2FA). It generates a code on the user's device, and the trading platform may require this code to be entered before performing withdrawals, transfers, or other sensitive tasks.