Cryptocurrency exchange Gemini admits to leaking user data
Date: 2024-07-31 Author: Gabriel Deangelo Categories: BUSINESS
Cryptocurrency exchange Gemini has reported a major data breach that affected about 15,000 customers. The breach occurred due to a hack into the exchange’s banking partner system, raising concerns about potential phishing attacks on affected users.
According to information provided by Gemini, an unauthorized third party gained access to an internal tool in the system of an unnamed banking partner of the exchange. The incident may have exposed transaction data for the period from June 3 to June 7. The stolen information may include customer names, bank accounts, and branch numbers of banks provided to the exchange for the transfer of funds.
Company statement and precautions
Gemini promptly notified the California Attorney General’s Office about the incident. The exchange assured customers that other sensitive information such as birth dates, home addresses, emails, social security numbers, phone numbers, and passwords were not compromised. Gemini accounts also remain safe.
However, the exchange warned customers to be extra vigilant. Users are advised to monitor their bank accounts for unusual activity and ensure they are protected with multi-factor authentication (MFA). In addition, customers are urged to avoid clicking on suspicious links that could lead them to phishing sites. For additional security, Gemini advises customers to consider changing their bank account number.
Investigation and previous incidents
Gemini’s banking partner has launched an investigation into the incident. This is not the first time the exchange has faced data security issues. In 2022, Gemini reported a large-scale leak of customer email addresses and phone numbers. Then, the incident occurred due to the fault of a third-party provider and affected more than 5.7 million users.
This incident highlights the importance of data protection and ongoing security monitoring in the cryptocurrency industry. Gemini continues to take measures to ensure the safety of its customers and minimize the risks associated with data breaches. Users should be vigilant and follow security recommendations to protect their financial data from potential threats.
