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Contents

Data 300 thousand.

Data of 300 thousand users ...

crypto exchange users found themselves on the Internet
CONTENT

  • Attackers have stolen the databases of the Indian crypto exchange

  • In total, data of 300 thousand users were stolen

  • The exchange announced a “thorough investigation”

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A group of attackers called ShinyHunters stole the data of 300 thousand users of the Indian crypto exchange BuyUCoin

The personal data of more than 300 thousand users of the Indian crypto exchange BuyUcoin were in the public domain. The Indian division of The Economic Times writes about this with reference to the researcher in the field of cybersecurity Rajshekhar Rajahariya.

According to him, as a result of the hacking of the exchange in June, July and September, several databases were stolen. BeInCrypto’s editors have examined the leak and confirmed the authenticity.

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Source: google.com

BuyUcoin initially denied the leak. However, the exchange later said it was conducting “an investigation into cybercrimes in mid-2020.” Whether the investigation is related to the theft of databases remains unknown.

This is the second major hack of cryptocurrency exchanges in India. In April 2018, 438 bitcoins were stolen from another Indian crypto-exchange Coinsecure (at the current rate of ~ $ 14.4 million).

Into the hands of regulators

Rajakhariya’s personal data was also on the list of stolen information..

Data of 300 thousand users ...

For example, among the leaked were bank details, email address and mobile phone number. The total size of the stolen data is 6 GB.

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Such large incidents can have a bad effect on the regulation of the cryptocurrency market. Back in the summer of 2020, Garrick Heileman, head of research at Blockchain.com, said India was at risk of losing market due to regulatory uncertainty..

Despite the Indian Court of Appeal overturning the cryptocurrency ban in March 2020, the country is still hostile to the virtual asset market..

Strike against cryptocurrency exchanges

Attacks on cryptocurrency exchanges do not pay off very much in terms of costs. At least this is evidenced by the results of research from Atlas VPN. In total, attackers carried out ~ 87 successful attacks on crypto-exchanges and raised $ 4.8 billion, which is $ 55.4 million for hacking.

Attacks on cryptocurrency storage services turned out to be much more profitable. Over the past eight years, crypto depositories have faced 36 attacks. Attackers managed to get a total of $ 7.19 billion in profit (about $ 200 million per attack).

How the exchanges store user data – read the special material BeInCrypto.

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Data of 300 thousand users ...

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