Coin World News Report:
A post on the dark web forum claims that personal data has been leaked. According to reports, Binance has 12.8 million users, including sensitive information such as names, email addresses, phone numbers, birthdays, and physical addresses. However, Binance has stated that this is a hoax.
On Monday, a user named “FireBear” claimed on a forum related to data leaks that they obtained a database containing personal information of Binance users, which was allegedly leaked in August. The post claims that the leaked data includes “last name, first name, email, phone number, birthday, address, postal code, and address 2” of Binance users.
The post provided a partially blurred sample of the so-called data, as well as an offer to sell “partially or entirely” of the information. The poster invited interested parties to contact directly for potential misuse of this sensitive data.
However, Binance has denied these claims. “This is fake. Our security team has investigated these allegations and we can confirm that this is not Binance’s data leak,” a Binance spokesperson told Decrypt.
Despite Binance’s denial, cybersecurity experts emphasize the need to remain vigilant. Oz Tamir, a researcher at Decrypt Blockaid, warned that such incidents, even if false, often occur before phishing activities and account takeover scams. He advises users to enable two-factor authentication and exercise caution with unexpected communications to protect themselves from potential threats.
He said, “Even if this particular vulnerability is proven to be false, users should remain cautious. Scammers may use personal information to impersonate Binance or other trusted entities in an attempt to trick users into giving up control of their accounts.”
Harry Halpin, CEO of Nym Technologies, highlighted a fundamental issue with data security, stating that the problem lies in storing user data itself, and in his view, no company should do so. Halpin told The Wall Street Journal, “No matter how good your security is – and Binance may have good security – someone will always hack you, or else there will be an insider leak.”
He advocates for encryption solutions to avoid collecting user data altogether.
Luciano Ciattaglia, Service Director at Haken Corporation, expressed skepticism about the alleged leak. He stated that Binance is known for its strong security protocols and mindset, with personal identifiable information (PII) being protected by multiple layers, making it one of the safest assets on the platform.
He suggests that this claim may be a hoax, similar to what often happens with such allegations.
Editor: Andrew Hayward
