Concerns about data breaches in crypto exchanges reassure users

This past weekend, a major data breach was discovered at Binance, the world’s largest crypto exchange. Codes, internal passwords and other technical information have reportedly been publicly available for weeks on Github, an online software development platform. Although there is evidence that customer data is now being sold on the dark web, Binance has reassured its users.

Binance customer data on the street?

The sensitive data had been available on Github since at least January 5th. An account called “Termf” published the data.

However, last week the data was deleted following a copyright compliance request from Binance.

A Binance spokesperson emphasized a few days ago that users’ data and assets are safe with them. Additionally, the leaked information was found to pose a “negligible risk.”

This is “very outdated information” that does not correspond to what the exchange currently has in production. The published information is “so out of date that it would be useless to third parties or malicious actors.”

Yesterday, however, the informed

Binance customer service replied to this worrying news by writing that there was no such leak in Binance’s systems. “User accounts remain secure,” it said.

Special care with the Binance crypto exchange

Today on Crypto Insiders you could also read that a hacker claims to have access to user information from several major crypto and media platforms, including Binance.

The hacker states that he has the ability to make emergency data requests (Emergency Data RequestsEDRs) to companies like Binance, Coinbase, LinkedIn, Discord and Tinder.

This is achieved through an account with KodexGlobal, which acts as a communication platform between law enforcement and regulators. The hacker is currently selling access to this account, which will allow him to obtain users’ personal information.

A Binance spokesperson clarified that there was no breach of Binance systems, but rather that there was suspicion that law enforcement accounts had been compromised.

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