- 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.
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