Binance CEO Rejects CCN-Reported Allegations of KYC Data Leak

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Wed, 01/23/2019 - 11:53
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Yuri Molchan
Binance CEO CZ publicly responds to CCN’s report of Binance experiencing a hack and losing KYC data to hackers
Binance CEO Rejects CCN-Reported Allegations of KYC Data Leak
Cover image via U.Today
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On Sunday, CCN news reported that several major exchanges, including Bittrex, Poloniex, Bitfinex, and Binance, became the victims of a hacker attack, losing the personal data of their customers. And now, allegedly, this data is for sale on the dark web. CCN, reportedly, received several screenshots of the data in question from an unnamed crypto expert.

Several other crypto news editions also reported those KYC data leaks.

Independent research

The world’s largest crypto exchange looked deeply into the issue and reported that its experts spotted no data leak. Their representative, Leah Li, stated that the aforementioned photos and screenshots had been from a thorough investigation; however, they did not find any proof that the data breach took place on Binance. She added that the team of Binance experts had even come across KYC photos of the stolen data made in Photoshop.

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An independent expert team that has also researched the matter believes that the documents and photos in question are most likely to originate from a phishing site, not Binance or other exchanges mentioned above.

Such websites pretend they register customers with an exchange, whereas all they do is steal people’s personal data and login details for this exchange in order to steal their deposits later on.

Such websites offer people to open an account on Binance and other popular crypto platforms.

Binance CEO responds in person

Changpeng Zhao heavily criticized CCN for spreading fud and fake news, calling this story a piece of irresponsible journalism.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.