Home Bitcoin News Bitcoin Scam Data of BuyUcoin cryptocurrency exchange traders allegedly leaked online

Data of BuyUcoin cryptocurrency exchange traders allegedly leaked online

4 min read

A knowledge breach on the BuyUcoin cryptocurrency change has reportedly led to person info turning into leaked underground.

Names, electronic mail addresses, telephone numbers, cryptocurrency transaction information, and financial institution particulars of customers might have been compromised, in accordance to Inc42. The publication estimates that as much as 325,000 customers are impacted, whereas Bleeping Computer suggests a determine nearer to 161,000. 

The alleged knowledge leak, flagged by researcher Rajshekhar Rajaharia, was posted on a hacking discussion board and is considered the work of ShinyHunters, beforehand linked to the sale of stolen firm databases. 

In complete, the alleged knowledge dump includes of three separate archives, with the related dates of June 1, July 14, and September 5, 2020.

The Indian cryptocurrency change has denied the existence of a knowledge breach, classifying reports as a “rumor.”

In a statement up to date on January 21, BuyUcoin stated the group is “completely investigating every facet” of the report. The Indian cryptocurrency change added that “all our person’s portfolio belongings are secure and sound inside a safe surroundings” and “95% of person funds are saved in chilly storage.”

BuyUcoin didn’t affirm or deny {that a} leak had taken place, however did say that there’s a deliberate “overhaul” of cybersecurity processes all through 2021.

Nonetheless, the group’s original statement, since faraway from BuyUcoin’s predominant weblog, stated {that a} “low influence safety incident” occurred final 12 months during which “non-sensitive, dummy knowledge” was leaked. 

The cryptocurrency change stated that in a “routine testing train” with the information, 200 entries have been impacted. Moreover, BuyUcoin claims that “not even a single buyer was affected through the incident.”

“BuyUcoin rejects alleged info in some media studies that the information of three.5 lakh prospects was compromised,” the agency stated. “We wish to reiterate the truth that solely dummy knowledge of 200 entries have been impacted which was instantly recovered and secured by our automated safety programs.”

Nonetheless, this seems to contradict Rajaharia, who claims that as a person himself, his info was concerned within the leak. The analysis has known as BuyUcoin’s response “irresponsible,” as even when funds are secure, unaware customers should still be prone to phishing and social engineering scams primarily based on the alleged leak. 

Final week, Russian cryptocurrency change Livecoin closed its doors following an alleged cyberattack. The group stated that its infrastructure and backend programs have been compromised, resulting in change charges being tampered with and the alleged cybercriminals made off with substantial earnings, resulting in monetary harm that can not be recovered from.

ZDNet has reached out to BuyUcoin and can replace after we hear again.

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