The data, including usernames and passwords, of over 250,000 Trident Crypto Fund customers were stolen and published online, which is considered a major privacy breach.
Cybersecurity Technical Director DeviceLock Ashot Oganesyan told Russian news outlet IZ that on February 20 the database, which includes email addresses, cell phone numbers, encrypted passwords and IP addresses, was uploaded to various file sharing websites.
Hackers decrypted and published nearly 120,000 of the passwords earlier this week, potentially allowing them to log into accounts of affected users and access their funds.
10,000 Russians Affected
Oganesyan said that while there are quite frequent attacks on cryptocurrency exchanges and funds, this hack was particularly noteworthy for having a major impact on Russian citizens. He said the database had about 10,000 Russians in it:
“Apparently, Russian citizens might already have got their data leaked before. However, no one has taken them into account before, and personal data leakage of 10,000 Trident Crypto Fund users can be considered the first major personal data leak of Russian crypto investors.”
Crypto Platform Data Leaks Increasing
Sensitive data leaks occur ever more frequently at cryptocurrency-related businesses. Seychelles-based crypto derivatives exchange Digitex plans this week to remove its processes of KYC identification in response to a major user data leak that happened last month.
In August last year, Binance admitted that it had discovered a hacker had obtained access to the KYC data of its customers that had been processed by a partner of the exchange.
Cryptolydian reported earlier that, Binance, one of the world’s largest crypto exchanges, announced that it has partnered with Shyft Network, public blockchain protocol, as it prepares to comply with the regulations of the Financial Action Task Force (FATF).
The Shyft Network has been designed to provide a decentralized solution to meet global compliance standards for crypto industry players, including the “travel rule” of the FATF.