April 19, 2024
Hackers Allege Theft of User Data from Defunct Coin Cloud
Latest Cryptocurrency News

Hackers Allege Theft of User Data from Defunct Coin Cloud

A group of hackers, operating anonymously, alleges to have compromised personal information belonging to approximately 300,000 customers of the Bitcoin ATM firm known as Coin Cloud. The cybersecurity account Vx-underground, which operates on X (formerly Twitter), disseminated this information.

In addition to personal data, the hackers assert that they have acquired 70,000 instances of customer selfie verification data. The compromised details reportedly include occupations, physical addresses, social security numbers, and other sensitive information. The affected individuals are said to be residents of the United States and users from Brazil.

Moreover, the hacker group claims to have successfully breached Coin Cloud’s back-end source code. As of the latest update, Coin Cloud has not issued an official statement addressing the reported security breach. It is noteworthy that earlier in the year, the cryptocurrency ATM operator had filed for bankruptcy.

On February 8, Coin Cloud publicly announced its decision to file for Chapter 11 reorganization in a United States bankruptcy court. CEO and President Chris McAlary stated that this move would enable the company to restructure its debt and safeguard the interests of its creditors. According to a filing on February 7, Coin Cloud revealed liabilities ranging from $100 million to $500 million, with assets valued between $50 million and $100 million.

Image by master1305 on Freepik

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