- The CMC has said that the passwords of these leaked email addresses are secure.
- The platform also ruled out the possibility of this leak through its servers.
- So far in 2021, 32 incidents of hacking of the crypto space have been recorded.
The CMC has said that the passwords of these leaked email addresses are secure.
Data from more than 3 million users of CoinMarketCap (CMC) was leaked in early October, the crypto tracker confirmed. A recent report by statistics firm HypeStat claimed that every day more than 20 lakh 70 thousand people from countries like the US, India, and Japan visit the platform to price-track and stay updated on cryptocurrencies. The data breach comes at a time when the number of cyberattacks across the world, specifically targeting the crypto-community, is on the rise. Despite the ongoing skepticism in many countries regarding the legalization of cryptocurrencies, the crypto space is expanding rapidly in many parts of the world.
The platform also ruled out the possibility of this leak through its servers.
CryptoPotato reported earlier this week that the registered email IDs of 3,117,548 CMC users were illegally extracted and uploaded to hacking platforms by cybercriminals on October 12. These email ids are now being traded on the dark web.
The CoinMarketCap has acknowledged this data breach, saying that the passwords of these leaked email addresses are secure. The platform has also denied the possibility of this leak through its servers.
So far in 2021, 32 incidents of hacking of the crypto space have been recorded.
A CryptoPotato report quoted a person associated with the CMC as saying, “The data lists we have seen are only email IDs and do not contain any passwords. We are connecting with our subscriber base. We haven’t found any evidence of data leaks from our own servers. They also said that we are actively investigating this issue and will update our subscribers as soon as we have new information”. (The identity of the individual has not been disclosed.)
Who is the brain behind this attack, so far no information has been found about that person?
The news has triggered a flurry of reactions on social media, with some (probably CoinMarketCap users and cryptocurrency investors) alleging that they have been receiving security alerts for the past few days. People also question the CoinMarketCap that if the data is not leaked from their servers, then where is their user data being kept elsewhere.