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Key Takeaways
- Hackers claim to have stolen the personal and verification data of about 300,000 Coin Cloud customers.
- The breach reportedly includes access to Coin Cloud’s back-end source code, though the company has not officially confirmed these claims.
- This cybersecurity incident follows Coin Cloud’s filing for bankruptcy earlier in the year, highlighting its financial struggles.
An anonymous group of hackers claims to have acquired the personal data of around 300,000 customers from the Bitcoin ATM company Coin Cloud.
The concerning development was reported by Vx-underground, a pseudonymous cybersecurity entity, on X (formerly Twitter).
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The breach appears to be extensive, encompassing basic personal information and sensitive data like social security numbers, occupations, and physical addresses. It reportedly affects customers in the United States and Brazil.
The scope of the data breach is particularly alarming. In addition to personal information, the hackers assert that they have acquired 70,000 customer selfie verification images. This data type is often used in the financial sector for identity verification processes, making the breach potentially more damaging.
The claim also extends to the hackers having accessed Coin Cloud’s back-end source code, though there has been no official confirmation from Coin Cloud regarding the validity of these claims.
Coin Cloud has not yet issued an official statement addressing these hacking claims.
This cybersecurity incident adds to the woes of Coin Cloud, which has been grappling with financial difficulties. Earlier this year, the crypto ATM operator filed for bankruptcy. On February 8th, Coin Cloud announced plans to file for Chapter 11 reorganization in a United States bankruptcy court.
According to Chris McAlary, the CEO and president of Coin Cloud, this step was taken to restructure the company’s debt and protect its creditors’ interests.
A filing made on February 7th disclosed that the company’s liabilities were in the range of $100 million to $500 million, in stark contrast to its assets valued between $50 million and $100 million.
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she’s not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.
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