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Home Technology

Cryptocurrencies, Coinsquare hit by hackers: ‘customer savings are safe’

latestnews by latestnews
November 28, 2022
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Cryptocurrencies, Coinsquare hit by hackers: 'customer savings are safe'
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A couple of weeks after the hacker attack against the FTX cryptocurrency exchange, which “burned” about 400 million dollars, today we find out about a new hit, this time to the detriment of the Canadian exchange Coinsquare. Apparently, however, this time the money of the platform’s customers would be safe.

To give the news of breach it was the same Coinsquare Twitter profilewho explained that “On the morning of November 19, we discovered unusual activity on our platform and, as a precaution, we have started extraordinary maintenancemaking the exchange unavailable while we fixed the issue”.

Furthermore, Coinsquare made a clear reference to the case of the FTX attack, explaining that “given what has been happening in the crypto world for a couple of weeks, in an attempt to be transparent with our customers we have entered into an agreement with Nansen, a leading company in blockchain analysis, to share data on our wallets with the public officers“.

With an email dated November 26, therefore dating back to a week after the attack, Coinsquare confirmed that the hackers had exploited a vulnerability for get hold of user data of the exchange: “the action made public our customers’ names, their email and physical addresses, their phone numbers, dates of birth, their device IDs, their public wallet addresses, their transaction history and balances of their accounts”. An enormous amount of data, therefore, even if it is not clear whether all Coinsquare customers or only some were affected.

Fortunately, though, the exchange has confirmed that no password was stolen, nor was any account drained. The company, in fact, explained that “100% of customer accounts are kept safe in “cold” storage and are not used for business activities”.


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