Attackers warned about hacking CoinSquare
As you know, in 2019 there was a leak on one of the cryptocurrency exchanges in Canada. And now, hackers using the replacement of SIM cards want to use funds from customer accounts. Information leakage by cybercriminals was posted on Motherboard. Of course, after that CoinSquare strengthened internal security measures and changed the information management system.
But then it turned out that the information leak could be more serious than it seemed before. CoinSquare denies all this and assures of reliable security measures. The attackers wanted to sell user data on the trading platform on DarkNet, but later decided to use it to steal cryptocurrency from user wallets. Hackers said they want to discredit a company that has welcomed itself as Canada’s most secure exchange.
Also, in proof of their intentions, hackers sent the company a piece of information that contained more than 5 thousand customer addresses, including their email, contacts, even physical addresses, information about the savings credited to the crypto-exchange account for six months. There were no passwords among this information, but the publisher confirmed that CoinSquare customer accounts were actually registered at the email addresses.
The first time information about the method of hacking SIM cards appeared in the fall of 2019 after a letter from Michael Turpin to the Federal Communications Commission. It was then that the businessman was hacked in this way, as a result of which he lost about 24 million dollars. In his letter, Michael suggested paying attention to methods of dealing with the new cryptocurrency theft method.