CoinCloud customer data believed to have been stolen by hackers
Key Takeaways
- Hackers claim to have stolen the personal information and verification data of approximately 300,000 CoinCloud customers.
- The breach reportedly involved access to Coin Cloud’s backend source code, but the company has not officially confirmed these claims.
- This cybersecurity incident occurred after Coincloud filed for bankruptcy earlier this year and highlighted Coincloud’s financial difficulties.
An anonymous group of hackers claims: Personal data of approximately 300,000 customers was obtained from Bitcoin ATM company Coin Cloud..
Related developments are Reported by Vx-undergroundA pseudonymous cybersecurity agency at X (formerly Twitter).
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The violations appear to be widespread. Basic personal information and sensitive data Includes resident registration number, occupation, physical address, etc. According to reports Affects customers in the US and Brazil.
The scope of the data breach is particularly alarming.. In addition to personal information, hackers Obtained 70,000 customer selfie authentication images. This data type is often used in the financial sector for identity verification processes, making a breach even more damaging.
This argument also extends to hackers. Accessed Coin Cloud’s backend source code.However, there is no official confirmation from Coin Cloud regarding the validity of these claims.
Coincloud has not yet released an official statement. Addresses these hacking claims.
This cybersecurity incident further aggravates the concerns of CoinCloud, which has been suffering from financial difficulties. Earlier this year, Cryptocurrency ATM operator files for bankruptcy. On February 8, CoinCloud announced plans to file for Chapter 11 reorganization in U.S. Bankruptcy Court.
According to Chris McAlary, CEO and President of Coin Cloud, this action was taken as follows: Restructures the company’s debt and protects the interests of creditors..
According to documents submitted on February 7th The company’s debt was between $100 million and $500 million.in stark contrast If your assets are worth between $50 million and $100 million.
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