https://www.namepros.com/threads/concerning-e-mail-from-namecheap.1294946/page-2#post-8839257

https://lowendtalk.com/discussion/184391/namecheap-hacked

It looks like a third party service they gave their keys to has been compromised. I got several phishes that fully pass as legit Namecheap emails.

https://www.namecheap.com/status-updates/archives/74848