Indian Crypto Exchange BuyUCoin Suffers Personal Data Breach


Indian cryptocurrency exchange BuyUCoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web.

January 25, 2021 | AtoZ Markets – ShinyHunters hacker group has posted personal data of users of the Indian cryptocurrency exchange BuyUCoin on one of the forums on the darknet, Bleeping Computer reported.

Indian Cryptocurrency Exchange BuyUCoin Hacked

The group hacked into a database that contained names, bank account details, email addresses, phone numbers and tax identification numbers that belong to 161,487 BuyUCoin customers. Data detailing certain users’ trading activities were also leaked.

However, according to an Indian news outlet Inc42 , more than 325,000 users have become victims of the leak. Cybersecurity researcher Rajshekhar Rajakhariya said the hackers gained access to the data before September 2020.

BuyUCoin to Investigate Data Breach

BuyUCoin initially either was not aware of the attack or was attempting to downplay the effects of the hack, claiming at first that not even a single customer was affected by the data breach; the statement also referred to the news of the attack as ‘rumors’.

However, BuyUCoin stressed that user funds were not affected and representatives will conduct an internal investigation.

Recall that on June 25, 2020, hackers gained access to the data of more than a million users of Ledger cryptocurrency wallets.

On December 21, the stolen data was made publicly available through the Raidforums forum. Later, the owners of the Ledger Nano began to receive threats from unknown persons demanding ransom.

In January 2021, a hardware wallet developer offered 10 BTC to users for helping find cybercriminals responsible for a series of attacks and data breaches.

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