Unicoin, a leading cryptocurrency company, experienced a cyberattack beginning on August 9, 2024, which severely disrupted its operations for nearly four days. The breach occurred when a hacker gained unauthorised access to the company’s Google G-Suite account, affecting all employees using the “@unicoin.com” domain. As a result, employees were locked out of critical Google services like Gmail and Google Drive, causing major disruptions in internal communication and file sharing.
In a regulatory filing with the U.S. Securities and Exchange Commission (SEC), Unicoin detailed the extent of the attack, noting that the hacker not only altered account passwords but also restricted access to essential tools. The company managed to restore access to its systems by August 13, 2024. However, ongoing investigations have revealed additional issues stemming from the breach.
Several senior management email accounts were compromised, and further investigations uncovered anomalies in the personal information of employees and contractors. The company’s accounting department discovered several discrepancies, including an instance of identity forgery involving a contractor, which led to their immediate termination. Investigators are still determining whether these incidents are isolated or part of a larger cyber threat, potentially involving North Korean hackers.
Financial Impact and Investigation
Despite the severity of the breach, Unicoin has assured its stakeholders that there i
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