In February 2023, Coin Cloud, a Bitcoin ATM operator with over 4,000 machines throughout the U.S. and Brazil that once boasted more than 4,000 machines before filing for bankruptcy in January 2023 due to financial difficulties, has been purportedly targeted by an unidentified hacking group in an attempt to take advantage of Coin Cloud’s insecurity.
The recently discovered security breach of Coin Cloud, which was once a prominent Bitcoin ATM operator, has sent shockwaves through the cryptocurrency industry as a result of the incident. As a result of an unknown hacker intrusion into the company’s backend system, sensitive customer information and proprietary code have been accessed by hackers.
A total of around 70,000 client selfies have been compromised, and nearly 300,000 individuals’ personal information has been exposed in this breach.
The incident has been revealed by vx-underground, a cybersecurity group that provides a report explaining how digital currencies operate under inherent risks that need to be understood.
In a recent report, hackers are purportedly using covert methods to discuss their plans, raising concerns that the stolen data may be revealed to the public on a public conference call.
According to the report, the breach affects many types of consumer information, including basic personal details, social security numbers, occupations, and addresses of physica
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