Our website needs some good Author. Who can write Cryptocurrency and Blockchain related article. If anyone is interested writing article in our website, please SignUp.

Massive data leak at Bitcoin exchange Binance

August 7, 2019 at 9:00 AM | By Jit Sutradhar Exchanges

The Bitcoin exchange Binance has fallen victim to a data leak. In a telegram group, suspected hackers post KYC photos of Binance customers every minute. What is known so far.

More than 700 Bitcoin Exchange Binance customers have been victims of a massive data leak. During the night of Wednesday, August 7, unknown persons have opened a public telegram group, where more than 750 photos of ID cards, passports, driver’s licenses and other official documents are already publicly available. In addition to the documents are photos of the customers to find in the KYC-typical convention holding both their ID document in the camera and a sheet of paper with the date of recording. Often additionally in connection with a current portrait of the respective suspected Binance customer.

According to initial research, a large part of the victims of the leak of the Bitcoin exchange come from Asia. In addition, there are occasional ID documents from the USA and the European Union – here and there passports and identity cards from Germany emerge.

Changpeng Zhao lumbered off

Meanwhile, Binance CEO CZ weighs the consequences of the data scandal off. The CEO of the largest crypto exchange in the world urges prudence and promises to get to the bottom of the matter.

On Twitter are already assumptions made that the photos are not from a recent data leak, but have been in the possession of the attackers for some time. Zhao refers to reports on Twitter.

A first look at the recordings in the Telegram group confirms this point of view. Because a large part of the recordings date from February 24, 2018; the time of admission is already over one and a half years in the past. At this time, no further information is known about the alleged Bitcoin Exchange hack. The assumption, however, suggests that the hackers have brought captured data from 2018 for unknown reasons today to the public today.

Bitcoin exchange Binance: Not the first scandal this year

The Bitcoin exchange already had a security problem in May of this year . In a hacker attack, over 7,000 bitcoins were lost. In addition, API keys, two-factor authentication codes and other unspecified information were collected.
What happened to the stolen cryptocurrencies is still unclear. However, Binance CEO Changpeng Zhao said that the stolen BTC was just Hot Wallet content . Affected users should, however, get their BTC back. Accordingly, Binance solved the problem by compensating users from their SAFU discovery.


Binance has been aware of the leak, but still denies that the photos come from the banks of the crypto-exchange. “First and foremost, the comparison of this data with the data in our systems shows inconsistencies. At the current time, no evidence has been provided to suggest that these KYC photos are from the Binance systems because they lack the digital watermark that our system implements in each photograph, “the stock market notes in a statement .

Binance claims to have been the victim of a blackmailer or a blackmailer; There are 300 BTC for the restraint of the photographs in the room. For pertinent information, whistleblowers can receive up to 25 BTC reward, the Exchange writes.

Image via Shutterstock

This article is translated by Google Translate from btc-echo.de

Comments (0)

    Write a Reply or Comment

    You must be Logged In or Sign Up to post a comment.