Binance data breach case, the company to offer 25 BTC to people who helps them anyway in identifying Criminal

Binance, a global cryptocurrency exchange from Malta providing a platform for trading more than 100 cryptocurrencies, has become a victim of scammers demanding a ransom of 300 BTC ($3.5 million) in an exchange to hacked KYC data. The unknown criminal behind the attack claimed that he has 10, 000 records involved in the KYC data category. He added, if the ransom is not being paid, he will expose such information worldwide.

The company did not pay the fee and so the Criminal started spreading the information on the web. Unknown sources reveal, people’s photography with their own IDs and passwords in hand have been distributed on the Cyber Space.

“We would like to inform you that an unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data. We are still investigating this case for legitimacy and relevancy. After refusing to cooperate and continuing with this extortion, this individual has begun distributing the data to the public and to media outlets.”

The data have been exposed!

The hacker created a Telegram group having 10, 000 plus visitors and shared the collected credentials of Binance users. This group is including over 400 photos such IDs and passwords in hands of the people from United States, Russia, Japan, Turkey and Finance.

Binance on this said that, there is no originality behind this as there is no watermark on the pictures as what the company used. Further, the leaked images include the customers who have been signing since Feb. 2018.

25 BTC to one who helps in identifying the person behind the breach

The company is now looking forward to identify the criminal behind this activity. It offers 25 BTC for that person who makes them easier to find the hacker.

“If you are able to provide any information to help identify this person and allow us to pursue the individual through legal action, we will offer a reward of up to 25 BTC, dependent on the relevance of the data supplied.”

The company further expressed their thoughts that their customers’ safety is being first priority. It asks the people to stay updated and beware to not get fall in leaking activity.