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Israeli Crypto Brokerage Coinmama Suffered Major Data Breach Affecting Over 450K Users.

Renowned Israeli crypto brokerage named ‘Coinmama’ that permits users to buy Bitcoin [BTC] and Ethereum [ETH] employing a credit card — has suffered a significant data breach affecting around 450,000 of its users.

In line with a recent official announcement, renowned Israeli crypto brokerage named ‘Coinmama’ that permits users to buy Bitcoin [BTC] and Ethereum [ETH] employing a credit card — has suffered a significant ‘data breach‘ affecting around 450,000 of its users.

The breach is reportedly a part of a mammoth, multi-platform hack that affected around 24 firms and over 747 Mln records — among them gaming, travel booking and streaming sites.

Coinmama added that an inventory of around “450,000 email addresses and hashed passwords” of users who registered on its platform before 5th Aug., 2017 have been posted on a dark internet registry:

“As of 15th Feb., this year, there has been no proof of this data being employed by perpetrators. Given the dated nature of the revealed data, we’ve no reason to suspect that any another Coinmama systems are compromised. Coinmama doesn’t store any credit card information.”

Aside from forthwith notifying users, Coinmama added that its response team is requiring all doubtlessly affected users to reset their passwords upon login, further monitoring its array of systems for suspicious activity or unauthorized access. The platform says it’s working to boost its safeguards and track any external signals that the compromised data is being employed.

Aside from new password needs for potential victims of the hack, the web-site requests all users to make sure their passwords are robust and distinctive, and to avoid opening emails or attachments from unknown senders, or offering any personal information to any third party sites.

Although the data breach impacted not solely Coinmama, however a gamut of firms outside the crypto sector, the hack represents the second high-profile system compromise within the industry this year.

Recently on 15th Jan., tens of thousands of Ethereum [ETH] wallets hosted by New Zealand cryptocurrency exchange named Cryptopia was ‘hacked‘, resulting in losses calculable to be priced around $23 Mln – with the ‘breach‘ continued for ‘several of weeks‘ after the incident’s detection.

A recent report from New York-based blockchain intelligence firm named ‘Chainalysis‘ estimated that two – probably still active — organized hacker groups have reportedly hacked around $1 Bln in cryptocurrencies, accounting for the bulk of funds lost in cryptocurrency related scams.

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