Binance calls false claims about the data leak of 13 million clients

Earlier in the dark web appeared a corresponding offer to sell the database, current as of August this year

25.09.2024 - 11:25

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2 min

What’s new? The world’s largest centralized crypto exchange (CEX) Binance has denied information about the leak of user data. Earlier, an announcement appeared on the dark web about the sale of the database of 12,8 million exchange customers, including names, phone numbers, and physical addresses. The seller claims that the data leaked in August 2024.

Decrypt’s material

What else is known? A Binance spokesperson made the following comment to Decrypt:

“This is false. Our security team has looked into the claims and we can confirm that this is not a Binance data leak.”

Although the exchange has denied the leak, cyber security experts urge to remain vigilant. Blockaid researcher Oz Tamir noted that such incidents, even if they turn out to be fake, are often preceded by real massive phishing attacks aimed at account takeover.

The expert recommended that exchange users enable two-factor authentication (2FA) and exercise caution when interacting with unexpected notifications of potential email threats, as they may come from malicious actors.

“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,” Tamir clarified.

Hacken senior executive Luciano Ciattaglia reminded that Binance is known for its robust security protocols and several layers of protection. In his opinion, the new announcement about the sale of personal information is a fake, as is frequently the case in the industry.

Harry Halpin, the CEO of Nym Technologies, in turn, pointed out the fundamental problem of data security, emphasizing that companies in principle should not store user information. He added that there are cryptographic solutions that can confirm identity without the need to collect data.

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