Bithumb discloses data leak after internal system breach

[348Judah]

Using exchanges nowadays is becoming alarming because they are often targeted for data leaks, and scammers are increasingly focusing on them.

This thread also talks about Bithumb, which turns out to be a South Korean crypto exchange. Reports say they are investigating a data leak; the initial result of a hack is that they accessed their internal mobile system, which shows how weak and vulnerable the way they handle user information could be, as they have no control measures against anything related to that.

Although they are investigating it to determine the extent to which user information on their platform was vulnerable and to see whether any was attacked, all of these together constitute the increasing rate of cyberattacks on the internet these days and why we should be more conservative about the information we are releasing to centralized exchanges.

Source:
https://cointelegraph.com/news/bithumb-discloses-data-leak-after-internal-system-breach-report

[greysonz]

Using exchanges nowadays is becoming alarming because they are often targeted for data leaks, and scammers are increasingly focusing on them.

This thread also talks about Bithumb, which turns out to be a South Korean crypto exchange. Reports say they are investigating a data leak; the initial result of a hack is that they accessed their internal mobile system, which shows how weak and vulnerable the way they handle user information could be, as they have no control measures against anything related to that.

Although they are investigating it to determine the extent to which user information on their platform was vulnerable and to see whether any was attacked, all of these together constitute the increasing rate of cyberattacks on the internet these days and why we should be more conservative about the information we are releasing to centralized exchanges.

Source:
https://cointelegraph.com/news/bithumb-discloses-data-leak-after-internal-system-breach-report

Yes, unfortunately, this was one of four leaks yesterday. I created a thread yesterday and thought I wrote about it there.

https://bitcointalk.org/index.php?topic=5598108.msg67284761#msg67284761

Bithumb.
The South Korean crypto exchange confirmed a hack of its internal back-end system and a leak of personal data. It is currently being investigated whether client information was among the leaked data.
https://www.news1.kr/finance/blockchain-fintech/6334377

[348Judah]

Thanks for pointing out on that, shows I already miss out on your thread.

You can imagine, just within a day, having about four related crypto scam/hacks; this is disappointing, honestly, and I think it is high time people consider decentralized platforms that use decentralized crypto exchanges.

I'm sure there are other incidents that we may not even hear about trending in the media, and they actually took place.