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Homepage > News > Business > Did Binance get hacked? Exchange denies breach Are 13 million Binance traders at risk of having their personal information sold on the dark web, or is it just a hoax? This is the question security officials have been debating, with the exchange denying the breach. Elsewhere, the United States securities watchdog has settled charges against TrueCoin LLC, the issuer of TrueUSD, a $500 million stablecoin that’s listed on over 100 exchanges, including Binance and Coinbase (NASDAQ: COIN). Did Binance get hacked? The alleged Binance hack was first referenced by a user of a dark web forum who claimed to possess the personal data of 12.8 million traders. The user, named ‘FireBear,’ claimed the data included users’ names, birthdays, phone numbers, addresses and email addresses. The user, allied to the cybercriminal group ‘Greavys,’ is reportedly willing to sell the data via Telegram, a platform whose enhanced privacy has endeared it to dark web fans, but has also landed founder Pavel Durov behind bars. Cybersecurity experts have linked Greavys to other known cybercriminals like ‘Wiz’ and ‘Box.’ This group was behind a $243 million heist in August, where they contacted a Genesis creditor, posing as Gemini representatives. They led the victim to believe his account was compromised and guided him through a reset of the two-factor authentication. Binance has, however, dismissed the claims in a statement to media outlets. “This is false. Our security team has looked into the claims and we can confirm that this is not a Binance data leak,” a spokesperson said. Security experts have called on Binance users to remain vigilant whether or not the breach happened. Digital asset scammers tend to capitalize on this uncertainty by employing their social engineering techniques and wiping victims’ wallets clean, stated Oz Tamir, a security expert…

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Filed under: News - @ October 2, 2024 3:27 am