Taringa - Massive Data Breach

If you have an account on Taringa, also known as "The Latin American Reddit," your account details may have compromised in a massive data breach that leaked login details of almost all of its over 28 million users.
Taringa is a popluar social network geared toward Latin American users, who create and share thousands of posts every day on general interest topics like life hacks, tutorials, recipes, reviews, and art.
The Hacker News has been informed by LeakBase (https://leakbase.pw/), a breach notification service, who has obtained a copy of the hacked database containing details on 28,722,877 accounts, which includes usernames, email addresses and hashed passwords for Taringa users.

The hashed passwords use an ageing algorithm called MD5 – which has been considered outdated even before 2012 – that can easily be cracked, making Taringa users open to hackers.
Wanna know how weak is MD5?, LeakBase team has already cracked 93.79 percent (nearly 27 Million) of hashed passwords successfully within just a few days.
LeakBase has shared a dump of 4.5 million Taringa users with The Hacker News to help us verify the authenticity of the leaked database.
Using email addresses in the dump, we contacted a few random Taringa users with their plain text passwords, who acknowledged the authenticity of their credentials.
The data breach reportedly occurred last month, and the company then alerted its users via a blog post, sharing more information about the incident.
"It is likely that the attackers have made the database containing nicks, email addresses and encrypted passwords. No phone numbers and access credentials from other social networks have been compromised as well as addresses of bitcoin wallets from the Taringa program! Creators." the post (translated) says.
"At the moment there is no concrete evidence that the attackers continue to have access to the Taringa code! and our team continues to monitor unusual movements in our infrastructure."
To protect its users, Taringa is currently sending a password reset link via an email to its users as soon as they access their account with an old password.

How to Help Protect Yourself from Data Breaches
Of course, if you are one of those potentially affected users, you are strongly recommended to change your passwords immediately.
Also, change passwords for other online accounts for which you are using the same password as for Taringa account.
Even if any website allows you to create an account with a weak password, you should always choose a complex password. Use a good password manager, if you find following best practices difficult.
Moreover, avoid clicking on any suspicious link or attachment you received via an email and providing your personal or financial information without verifying the source correctly.