So what's the update of their investigation?
We have different sentiment in the space, some believes that the news is true, some KYC information has been leaked and that should be the job of the Binance exchange to keep it safe and private, we as users of the site entrusted them our info but if we mess with us, they should be wary of their future.
Topic: Binance Swirled into ‘KYC Leak’ Turmoil, Binance not Safu Anymore - page 2. (Read 493 times)
August 12, 2019, 08:50:33 AM
August 11, 2019, 09:34:16 AM
Hmm, Binance were hacked in the previous month so KYC leak is very possible. I do no think this one is just a FUD, though I will be watching how this issue will unfold. Lucky I did not undergo KYC in Binance exchange so I do not need to worry about this leak.
This time it reached the public but it is more concerning if the same is happened with other exchanges and we are not knowing about it. Leaks like this could be way more destructive then hacks where coins/tokens are lost.What is the latest on this? Has the hack been confirmed?
You sure most crypto people even care about their personal information being stolen? I honestly will be very worried if my identity is leaked on the web. It can leave people more vulnerable than having few bitcoin stolen.
August 11, 2019, 07:45:18 AM
Hmm, Binance were hacked in the previous month so KYC leak is very possible. I do no think this one is just a FUD, though I will be watching how this issue will unfold. Lucky I did not undergo KYC in Binance exchange so I do not need to worry about this leak.
It is totally going to be an FUD and I would not think that Binance will be that careless to allow such thing to happen, yes they were once hacked, and everybody knows that which they have fix whatever big that is on their platform that made them vulnerable to attack, if they have hired super security experts to block all loop holes, there is absolutely no way that their data database will be hacked. Those faces you are seeing there, what if they were just trying to frame Binance up because there is nothing that people cannot do just to discredit the project of another, and just like you said, we will keep our fingers crossed and be watching as thing unfold, they are already under investigation, and I bet that nothing of such would be found on them, it is just a way to create dump for BNB.
August 09, 2019, 04:25:28 PM
Hmm, Binance were hacked in the previous month so KYC leak is very possible. I do no think this one is just a FUD, though I will be watching how this issue will unfold. Lucky I did not undergo KYC in Binance exchange so I do not need to worry about this leak.
This time it reached the public but it is more concerning if the same is happened with other exchanges and we are not knowing about it. Leaks like this could be way more destructive then hacks where coins/tokens are lost. August 09, 2019, 04:05:02 PM
How can you say Binance is not safe anymore where it's not proven that those data are stolen from Binance?
Their story of phishing is reasonable to believe, but of course, it needs proper investigation, likely from a 3rd party to find out which is really happening with those leaks. If there's no one except Binance who investigate their own case, it's possible that every finding won't be revealed 100%. No doubt about it.
Their story of phishing is reasonable to believe, but of course, it needs proper investigation, likely from a 3rd party to find out which is really happening with those leaks. If there's no one except Binance who investigate their own case, it's possible that every finding won't be revealed 100%. No doubt about it.
If people can hack wallets, they usually hack other stuff while they are at it.
As soon as the original hack occured, people should have changed all their passwords and stuff.
Poorly run exchanges are the weakest aspect of the crypto space.
August 09, 2019, 03:55:35 PM
How can you say Binance is not safe anymore where it's not proven that those data are stolen from Binance?
Their story of phishing is reasonable to believe, but of course, it needs proper investigation, likely from a 3rd party to find out which is really happening with those leaks. If there's no one except Binance who investigate their own case, it's possible that every finding won't be revealed 100%. No doubt about it.
Their story of phishing is reasonable to believe, but of course, it needs proper investigation, likely from a 3rd party to find out which is really happening with those leaks. If there's no one except Binance who investigate their own case, it's possible that every finding won't be revealed 100%. No doubt about it.
If people can hack wallets, they usually hack other stuff while they are at it.
As soon as the original hack occured, people should have changed all their passwords and stuff.
Poorly run exchanges are the weakest aspect of the crypto space.
August 09, 2019, 01:13:38 PM
KYC and the issue of privacy has always been a big headache to most crypto users due to the high incidence of identity theft. Binance is a strong name when we talk of exchanges so we expect them to protect their users with the best possible form of security and technology available. Let's hope the situation is not as serious as speculated.
August 09, 2019, 12:19:09 PM
Hmm, Binance were hacked in the previous month so KYC leak is very possible. I do no think this one is just a FUD, though I will be watching how this issue will unfold. Lucky I did not undergo KYC in Binance exchange so I do not need to worry about this leak.
August 09, 2019, 11:21:17 AM
OH MY GOD, not again, I guess that there I someone that is really out there to destroy Binance by all possible means, and Binance needs to be extremely cautious, since they didn’t succeed in bringing them down through their exchange wallet from the last fund they stole, and I guess that they have seriously tightened their security for wallets, which could be why the hacker decided to attack their data database.
I just pray and hope that this is not true because this will really be a blow to them the second time in a year. Let wait for them to make their investigation and we see if it is real or not, if this information giving here is real, Binance might just be on its way to losing its relevance for life, it shows that they can no longer be trusted then with their security.
I just pray and hope that this is not true because this will really be a blow to them the second time in a year. Let wait for them to make their investigation and we see if it is real or not, if this information giving here is real, Binance might just be on its way to losing its relevance for life, it shows that they can no longer be trusted then with their security.
August 09, 2019, 10:20:38 AM
I don't see anything surprising if the KYC pictures of people get leaked because we can found more than by just looking at their facebook accounts and also lots of apps we installed on our smart phones taking pictures of us without out permission.So if you are on internet then you are not safe anymore even google keeps data about you with the name of super cookies.
What are you talking about? In Facebook you won't find the scanned copies of Passport and drivers license. If anyone is so irresponsible to post them in Facebook, then obviously he needs to face the consequences. The problem here is that ordinary users, who would be otherwise careful about their privacy were forced to send the scanned copies of their ID documents to Binance.
August 09, 2019, 09:10:55 AM
No exchange is totally safe anymore and none will ever will including the mighty Binance exchange!
Some are safer than others, though. I kind of thought Binance was fairly safe, but this kind of throws everything in doubt.Indeed it will surely raise some cloud of doubt from the crypto-community and Binance is in some kind of a dilemma right now since the burden of proof - "that no intrusion happened" rest on their shoulders and they should prove it convincingly! I do hope they can mitigate the side effects of this issue and resolved it accordingly which kind of remind me of Mt. Gox incident which is quite scary.
August 09, 2019, 09:10:15 AM
More likely Binance did get hacked or otherwise had their customers' data leaked from the inside. I'll definitely be watching this story unfold. But hey, this is the company that had 7000BTC stolen from them, right? Obviously there are security issues they might not have fully addressed if this all is true.
Binance claims that the selfies posted were obtained from a third party they outsourced the KYC verification part to. I don't have much reason to question that given how large Binance is and how many new users they onboard.The only question is how the hacker managed to gain access to the servers of this third party. It could just as easily be a bunch of Indians they hired to do this work, which isn't that uncommon even for large tech corporations.
How can they be so irresponsible? KYC verification is such a secure process and it should be done by the Binance staff. Now it looks like they had outsourced it to the lowest bidder, with scant regard for security of the users. This one incident is enough to trigger a customer boycott of Binance. I never had an account with them, and in the future also I will never consider opening an account there.
August 09, 2019, 08:44:49 AM
I think the real problem turned out to be that during the time binance used a third party organization for KYC procedure they were hacked, not binance itself by the way, the company they worked with on KYC got hacked and information during that time got hacked from that company that was supposed to be binance users. It does relate to binance because they should have picked a better company but at the same time that shows binance wasn't hacked it was another company binance worked with and that allows us to have a trust on binance once again.
It doesn't matter if they get hacked or not they eventually make it back when it is about money, you can literally get destroyed if your KYC gets stolen though, bad people would be more than willing to spend 300 bitcoins on getting 10k+ KYC information since that would allow them to money launder so much more easily.
It doesn't matter if they get hacked or not they eventually make it back when it is about money, you can literally get destroyed if your KYC gets stolen though, bad people would be more than willing to spend 300 bitcoins on getting 10k+ KYC information since that would allow them to money launder so much more easily.
August 08, 2019, 06:43:06 PM
More likely Binance did get hacked or otherwise had their customers' data leaked from the inside. I'll definitely be watching this story unfold. But hey, this is the company that had 7000BTC stolen from them, right? Obviously there are security issues they might not have fully addressed if this all is true.
Binance claims that the selfies posted were obtained from a third party they outsourced the KYC verification part to. I don't have much reason to question that given how large Binance is and how many new users they onboard.The only question is how the hacker managed to gain access to the servers of this third party. It could just as easily be a bunch of Indians they hired to do this work, which isn't that uncommon even for large tech corporations.
August 08, 2019, 04:56:57 PM
This is a rare case and I think hackers have released fake news and created FUD, then they will buy BNB for a cheap price.
because if they hacked Binance's security system, they had all the KYCs for many days, not just February 24, 2018.
Stop with the FUD argument, it's been proven that those faces are real and it did come from Binance, whether it was hack or came from a third party. I know crypto journalism is pure of garbage, but this article is very interesting to read, https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker because if they hacked Binance's security system, they had all the KYCs for many days, not just February 24, 2018.
August 08, 2019, 03:09:25 PM
Government wants companies to know their customers, they open all gate for illegal things and they clearly know it, that's where money is created. Binance had a lot of KYC documents, didn't they know that it's important to protect users data? Yes, they knew but at the same time they knew that data costs money, a lot of money. Let's form it as a leak or hack and sold for solid profit, we will do illegal thing with legal reason and earn a lot of money, so why not? <-- That's the thought of Binance.
August 08, 2019, 02:35:02 PM
Back to back issues with Binance?This isn't good for the exchange. 7k BTC hack plus this KYC leak? One more issue and this exchange popularity would go down for sure.
They had been investigating but expect that results or reports wont really be completely disclosed,for sure there would be informations would be hidden specially they are the ones who do make investigation.
They had been investigating but expect that results or reports wont really be completely disclosed,for sure there would be informations would be hidden specially they are the ones who do make investigation.
August 08, 2019, 02:20:06 PM
Three months after a serious security breach was discovered on Binance, when around 7,000 BTC was stolen from the platform, another hilarious incident came along. On Aug. 7, Binance was reportedly swirled into ‘KYC Leak’ turmoil, where a large number of Binance users’ private KYC information, including passport numbers, ID card, credit card number, were live-streamed in a Telegram group named “FIND YOUR BINANCE KYC”.
As of press time, more than 10,000 people have joined the telegram group. Multiple people have posted Binance users’ KYC pictures online. The incident reportedly has sent shock waves in the crypto community and is spreading further ahead. Changpeng Zhao or CZ, Founder and CEO of Binance, rushed to Twitter to calm down its followers at the very earliest, warning people not to fall into the “KYC leak” FUD, they are investigating, and will update the users shortly.
However, the latest response from its top management further agitated the users and caused a backlash from the community, with many claiming to withdraw their funds and deactivate their Binance accounts.
“FUD? Did you saw leaked passports with faces? how you will compensate this? binance is not safu...” said Andrew, a Twitter user.
“How is it FUD? there are literally hundreds of KYC identities on a telegram group free for all to see, containing the word "BINANCE" written by the user for KYC，” another man named Master Chang said.
Till now, it’s still not clear whether users’ information has been leaked or hacked, or otherwise it’s old news of 2018 as CZ claimed.
Whatever the truth is, Binance finds it in a series of troubles since this year, starting from May 7, when 7,000 BTC was compromised from its platform, worth about 41 million dollars at that time. BNB tumbled sharply following the incident, witnessing a decline of around 10% within 24 hours. Additionally, Binance Charity Foundation (BCF), the charity arm of Binance, has recently slid into a donation transparency crisis, where only under $6 million worth of crypto, less than half of the committed amount, could be accounted for on the website.
Plus, many users have complained that Binance IOS app has been down for months which Biance claimed to take serval days to bring it back. According to downdector.com, a leading website which detects the service interruptions and outages for digital firms, the most reported problems on Binance is “log in” and “breakdown” issues.
To trust or not to trust? That is the question for all Binance users. Binance needs to use hard&soft tactics to prove its technology capabilities and its commitment to transparency and security goals.
As of press time, more than 10,000 people have joined the telegram group. Multiple people have posted Binance users’ KYC pictures online. The incident reportedly has sent shock waves in the crypto community and is spreading further ahead. Changpeng Zhao or CZ, Founder and CEO of Binance, rushed to Twitter to calm down its followers at the very earliest, warning people not to fall into the “KYC leak” FUD, they are investigating, and will update the users shortly.
However, the latest response from its top management further agitated the users and caused a backlash from the community, with many claiming to withdraw their funds and deactivate their Binance accounts.
“FUD? Did you saw leaked passports with faces? how you will compensate this? binance is not safu...” said Andrew, a Twitter user.
“How is it FUD? there are literally hundreds of KYC identities on a telegram group free for all to see, containing the word "BINANCE" written by the user for KYC，” another man named Master Chang said.
Till now, it’s still not clear whether users’ information has been leaked or hacked, or otherwise it’s old news of 2018 as CZ claimed.
Whatever the truth is, Binance finds it in a series of troubles since this year, starting from May 7, when 7,000 BTC was compromised from its platform, worth about 41 million dollars at that time. BNB tumbled sharply following the incident, witnessing a decline of around 10% within 24 hours. Additionally, Binance Charity Foundation (BCF), the charity arm of Binance, has recently slid into a donation transparency crisis, where only under $6 million worth of crypto, less than half of the committed amount, could be accounted for on the website.
Plus, many users have complained that Binance IOS app has been down for months which Biance claimed to take serval days to bring it back. According to downdector.com, a leading website which detects the service interruptions and outages for digital firms, the most reported problems on Binance is “log in” and “breakdown” issues.
To trust or not to trust? That is the question for all Binance users. Binance needs to use hard&soft tactics to prove its technology capabilities and its commitment to transparency and security goals.
There is no more trust in exchanges, since they no longer have anonymity.
It is better to use decentralized exchanges where reliability and anonymity are at a high level, but could not do without minuses, for example, weak trading on currency pairs.
August 08, 2019, 01:01:00 PM
This is a rare case and I think hackers have released fake news and created FUD, then they will buy BNB for a cheap price.
because if they hacked Binance's security system, they had all the KYCs for many days, not just February 24, 2018.
because if they hacked Binance's security system, they had all the KYCs for many days, not just February 24, 2018.
August 08, 2019, 12:36:15 PM
This is one of the reasons why I am against the mandatory KYC verification. Now only god knows what these hackers are going to do with all those ID cards. BTW, there is something seriously wrong with Binance. This latest incident comes just a few months after some hacker stole BTC7,000 from their hot wallets. If I was a Binance user, then I would not keep any of my coins there.
Every time you KYC you rick that those information's will at some point in future, it can happen 10 years from now, leak out. Someone can steal them or even they can sell them. And this not only at crypto exchanges but everywhere you KYC. And you do a lot from time you entered kindergarten.
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