“So prop firms data got leaked? I received an email hours ago from Topstep that I requested to reset my password…”
– @thebrianstonk on X
This single tweet lit the fuse. Within hours, prop traders across X were reporting the same eerie message – password reset emails from Topstep, MyFundedFutures, and even Apex. The catch? None of them had requested it.
A Digital Fire Drill – or a Real Fire?
The emails claimed the reset was part of “maintenance,” but the timing and lack of prior warning felt off. Traders are used to volatility – but not this kind.
“I didn’t log in. I didn’t request anything. Then boom – password reset email.”
– Topstep user
Multiple traders also reported being logged out, unable to sign in with previous passwords, and in some cases, discovering phantom purchases. Meanwhile, the firms involved have stayed suspiciously quiet.
No Confirmation, Just Chaos
While no official data breach has been confirmed, the scale of these reports suggests more than just routine backend updates. Some devs in the space have speculated it might be part of an authentication migration or system upgrade – a “clean sweep” of passwords.
But without clear communication from the firms, traders are left guessing – and panicking.
Why This Matters
In a high-stakes industry built on trust, even the appearance of a breach can shake trader confidence. Here’s what’s on the line:
- Credential Reuse: If even hashed passwords leaked, attackers could try them on other platforms.
- Unauthorized Access: Even a single rogue login can lead to financial loss or reputational damage.
- Phishing Surge: Real emails like these create perfect bait for future fake ones.
- Brand Risk: The bigger the firm, the bigger the fallout from staying silent.
What You Should Do – Right Now
Whether or not this is a confirmed breach, now’s the time to tighten your defenses:
- Change your passwords, especially if reused anywhere else
- Enable 2FA across all trading accounts
- Monitor accounts closely for unexpected logins or trades
- Be cautious of emails, even those that look official
- Reach out to support if anything feels off
Final Word
No press release. No social post. No explanation.
As one trader put it: “If they’ve got nothing to hide, why is no one talking?”
Whether this was a backend cleanup or something more serious, one thing is clear – the prop trading space isn’t just about risk management in the markets anymore. It’s about protecting your digital identity.
PropInsider will be watching this closely. Until then, change your password. Twice.
Disclaimer: The views expressed in the embedded posts are those of the individual users and do not reflect those of PropInsider. Some content may include strong language. Included for informational purposes only.
