A major cryptocurrency exchange in Australia has mistakenly revealed the personal information or data of its users. Known as one of the largest digital currency exchanges in Australia, BTC Markets has to go through a privacy breach recently. The personal data of around 270,000 users was exposed accidentally reportedly. This has raised concerns and risks of attacks.
Users’ names and email addresses were revealed
According to a report from Business Insider Australia published on the 2nd of December, the biggest crypto exchange in Australia BTC Markets has accidentally exposed the personal information of its 270,000 users. The revealed information includes names and email addresses of the crypto exchange’s clients.
This accident occurred when the cryptocurrency exchange was sending out emails to users. Reportedly, the crypto exchange sent emails in batches of 1000 users. Instead of addressing each user individually, it mistakenly placed addresses and names in the “to” section.
The report stated that after noticing the error it was not possible for the exchange to stop emails once they were initiated. However, no other financial data or passwords were exposed. But still, attackers can use these email addresses for conducting phishing attacks.
“All account holders were affected”
While commenting on this privacy breach in a tweet, the Chief Executive Officer (CEO) of the cryptocurrency exchange Caroline Bowler said:
“All account holders were affected. The email was sent in batches, rather than in bulk. Hence why your two addresses were in two groups.”
However, the company immediately posted a tweet in a bid to apologize for this privacy breach with complete sincerity. As a statement from the company reads:
“Earlier today, an announcement from BTC Markets exposed client names and email addresses. This is a deeply regrettable situation and we apologize wholeheartedly for it.”
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
New Report Says Ripple Is A Potential Competitor To Indian Traditional Banking System
A Major US News Magazine is Now Accepting Crypto for Subscriptions
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...