[Warning] Bit.ly Accounts Hacked, Change passwords Now!

Url shortening service Bit.ly announced a security breach regarding account credentials today. Account credentials including users email addresses, encrypted passwords, API keys and OAuth tokens have been compromised. This means that not only should you change your passwords, but if you have given Bitly access to any of your social media accounts, you need to reset those tokens as well.
Here's how to do that, from Bitly's blog post:

Following are the step-by-step instructions to reset your API key and OAuth token:

1.Log in to your account and click on 'Your settings', then the 'Advanced' tab.
2.At the bottom of the tab, select 'Reset' next to 'Legacy API key'
3.Copy your new API key and change it in all applications. These can include social publishers, share buttons and mobile apps.
4.Go to 'Profile' and reset your password
5.Disconnect and reconnect any applications that use Bitly. You can check which accounts are connected under the 'Connected Accounts' tab.

Click to expand...

Official Bitly Blog post: Here
Source: Here