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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Sep 25, 2024 08:24 UTC
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Binance News: No Data Breach Crypto Exchange Denies 12.8 Million User Leak
A recent claim that 12.8 million Binance users' data was leaked on the dark web has been refuted by the exchange.
Despite Binance's denial, experts warn that fake breaches can lead to phishing scams and other malicious activities.
Users are advised to remain vigilant and take steps to protect their personal information, even in the face of false threats.
A post on the dark web recently claimed that the personal data of 12.8 million Binance users had been leaked. This sparked concern across the crypto community, as the post suggested sensitive details like names, email addresses, phone numbers, and physical addresses were exposed. The alleged leak, supposedly from August, was said to be sold online by a user called “FireBear.”
How much of this is actually true?
Binance quickly dismissed these claims as false!
The seller shared a partially obscured sample of the data and offered it for sale either in pieces or as a whole. Despite the serious nature of the claim, Binance has firmly denied any breach. A spokesperson from Binance stated that their security team fully investigated the matter and confirmed there was no data leak.
Caution Amid Hoax Claims
Even though Binance denied the breach, cybersecurity experts recommend staying alert. Fake claims like these can still lead to phishing scams and other threats. Oz Tamir, a researcher at Blockaid, warned that scams often follow incidents like this and advised users to enable two-factor authentication and be cautious of any suspicious communication.
Harry Halpin, CEO of Nym Technologies, pointed out the risks of storing user data. He believes cryptographic solutions can help prevent such threats in the future. While Binance already uses strong security protocols, some experts think avoiding data collection entirely may offer the best protection.
Security Remains a Priority for Binance
Despite doubts surrounding the alleged leak, Binance’s reputation for security remains solid. Experts like Luciano Ciattaglia from Hacken expressed confidence in Binance’s multi-layered user protection. Still, this situation highlights the need for ongoing cybersecurity efforts.
Although Binance denies any breach, this incident serves as a reminder to stay cautious online. It’s always a good idea to update passwords, use two-factor authentication, and be on the lookout for phishing attempts. Protecting personal information is crucial, even when threats turn out to be false.
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