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Binance Chief Says Massive Hack Detected in Asia. There May Be Trouble in China.
Changpeng Zhao, known as CZ, said on Twitter Sunday that Binance’s threat intelligence detected one billion resident records for sale on the dark web. The alleged leak is unrelated to the cryptocurrency firm.
CZ said the records for sale included names, addresses, national identification, mobile details, and police and medical records from one Asian country and was likely due to a bug linked to a government agency.
“This has impact on hacker detection/prevention measures, mobile numbers used for account take overs, etc.,” the crypto CEO said. “It is important for all platforms to enhance their security measures in this area. Binance has already stepped up verifications for users potentially affected.”
More details came in a report from Bloomberg on Monday, which said that unknown hackers have claimed to have stolen data on as many as one billion Chinese residents following the breach of a Shanghai police database.
The hacker or hackers have offered to sell more than 23 terabytes of data for 10 Bitcoin, or about $200,000 at current prices, the report said, citing an anonymous post on an online cybercrime forum.