Coin Cloud Breach Doxxes Platform Users As Security Fails

Bankrupt crypto ATM firm CoinCloud suffered a major security breach that compromised data of users in the U.S. and Brazil.

Girl in the cloudy storm laying on a coin sad.
Created by Kornelija Poderskytė from DailyCoin
  • Cryptocurrency ATM firm Coin Cloud has fallen prey to a cyberattack.
  • Earlier this year, Coin Cloud succumbed to financial challenges and filed for bankruptcy.
  • The cyberattack has resulted in the compromise of sensitive data belonging to the company’s users.

The cryptocurrency industry, despite its many innovative financial solutions, has become an increasingly lucrative target for malicious actors, marked by a concerning surge in cyberattacks and security breaches on crypto exchanges and firms. From industry giants to startups, the attacks have left virtually no entities untouched, siphoning substantial amounts of money and sensitive user data.

Adding to the list of victims is Bitcoin ATM company Coin Cloud, which recently fell victim to a major security breach.

Unveiling the Coin Cloud Security Breach 

On November 12, blockchain security firm Vx Underground reported claims from an unknown threat actor(s), boasting about illicitly accessing sensitive user data from the now-defunct crypto firm Coin Cloud. 

The hacker(s) assert the theft of more than 70,000 customer selfies captured via the company’s ATM cameras in the United States and Brazil, and the compromise of Personally Identifiable Information (PII) of 300,000 customers. The exposed PII encompasses critical details such as social security numbers, dates of birth, first and last names, email addresses, telephone numbers, current occupations, physical addresses, and more. 

Exposed Coin Cloud user selfies released by hackers.

Additionally, the hacker(s) absconded with the source code for the entire backend infrastructure of the company.

Coin Cloud operated over 5,000 crypto ATMs across the United States and Brazil before filing for bankruptcy earlier in February 2023. The firm still grapples with a daunting financial situation, with a lengthy creditor list and liabilities exceeding $500 million.

Read more on a similar security breach that siphoned off millions at Poloniex exchange:
Justin Sun’s Poloniex Disables Wallets to Tackle $100M Attack 

Crypto entities are enhancing security measures to bolster against threat actors within the cryptocurrency industry. Find out more: 
Atomic Wallet Freezes $2M in Suspicious Crypto Transactions 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.