Crypto exchange Coinsquare suffered a hack.
One of the largest cryptocurrency exchanges in Canada, Coinsquare, could have been hacked.
However, Coinsquare claims that clients’ assets are “securedly stored in cold storage and are not at risk.”
The exchange, which describes itself as “a trusted Canadian platform to securely buy, sell and trade bitcoin, ether and more,” sent an email to customers to report the “data incident”. The text stated that an unauthorized third party had access to a customer database containing personal information.
The hack revealed customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances. Although the email was sent yesterday, Coinsquare discovered the breach last week and notified customers via Twitter.
“Passwords were not revealed. We have no evidence that an attacker viewed this information, ”the message says.
Coinsquare suspended activity on the platform after discovering a vulnerability last week, sparking rumors of possible liquidity issues given the collapse of FTX earlier this month. Full service was restored on Friday, according to a tweet.
“We want to reiterate that 100% of client funds are held securely in cold storage and are not used for commercial activities,” the company wrote.
Earlier, PeckShield analysts found that the losses of the cryptocurrency market in October alone amounted to almost $660 million. In total, as of October 2022, attackers stole almost $3 billion. At the same time, the month became the second largest loss from hacker attacks in 2022, behind March, when attackers were able to steal $709.7 million. The most attacked project was the blockchain network BNB Chain (formerly Binance Smart Chain).
