Users of the Indian cryptocurrency exchange BuyUCoin were reported to have been subjected to a breach that led to the personal information of more than 325,000 people being hacked.

According to a report by the Indian news agency Inc42, a hacker group called ShinyHunters had leaked to a database containing names, phone numbers, email addresses, tax IDs, and bank account details of more than 325,000 BuyUCoin users. However, a recent Bleeping Computer report revealed that the hack could only contain information from 161,487 BuyUCoin members.

Cybersecurity researcher Rajshekhar Rajahariya posted on Twitter last week snapshots of leaked data recorded prior to September 2020, which includes trading activity and BuyUCoin referral codes.

BuyUCoin originally claimed that “no customer was harmed” by the data breach and called the reports “rumors,” but released a statement saying that it “investigates all aspects of the report for malicious and illegal internet crime activity from foreign organizations.” … Borsen added that all user funds are “safe and sound in a safe environment,” as 95% of them are stored in refrigerated warehouses.

Although the stock market turmoil has not affected the funds, there are still potential risks for BuyUCoin users. Like exchange clients, personal data of ledger users was compromised as a result of a data breach in June and July 2020 that affected 272,853 people who ordered hardware wallets. Some users have since reported receiving threatening emails demanding that a ransom be paid in cryptocurrency within 24 hours, otherwise it would have “serious” consequences.

While cryptocurrency theft attacks are less common in the real world than hacks or scams, they do happen. Some BuyUCoin users are concerned about their data or physical safety, and have expressed frustration with reports of the breach.

What if someone uses my account for illegal activity? Rajahariya – who is also a BuyUCoin user – said in a subsequent tweet, describing the exchange’s first response as “irresponsible”.

Source: CoinTelegraph

LEAVE A REPLY