- There are increasing reports that Binance user data has been leaked on the dark web.
- As a result, sentiment towards the BNB token plummeted.
Binance (BNB), one of the world’s largest cryptocurrency exchanges, has been experiencing massive problems over the past few months.
Adding to the list of problems, Binance recently faced accusations that user data was leaked onto the dark web.
Binance data leak
Sensitive material related to Binance, including code and internal passwords, was reportedly leaked from GitHub and was publicly accessible for an extended period of time.
Materials posted by the “Termf” account consisted of code, infrastructure diagrams, internal passwords, and technical information.
Even more worryingly, the exposed code appears to be related to Binance’s security measures, including passwords and multi-factor authentication (MFA).
The leaked information includes passwords for systems marked “prod”, indicating they are likely to be used on live sites rather than development or demo environments.
Last week, Binance issued a copyright takedown request to remove data from GitHub and confirmed that the exposed material contained the exchange’s proprietary code.
However, the situation got even darker as many users pointed out that Binance’s KYC information was being sold on the dark web. It is known that users’ basic personal information is also being sold through various networks.
So, don’t be confused when it comes to Binance. We’re talking about two different items being sold.
1. Basic personal information (name, nationality, phone number) data is real and verified: https://t.co/XZ9jGQpoS2
2. Full KYC data with access to law enforcement systems:…
– CR1337 (@cryptonator1337) February 4, 2024
damage control
In an attempt to dispel the FUD surrounding the issue, the Binance team responded to one of the tweets, asserting that its security team customarily conducted a thorough assessment of the situation for potential threats.
They ensured that there were no leaks from the Binance system, ensuring that users’ accounts remained safe.
The statement also highlighted the multiple layers of defense used, including MFA, biometrics, authenticators, and more.
Our security team has evaluated this considering all potential threats and confirmed that there is no such leak from Binance systems. Your user account remains secure.
Accounts are protected through a variety of defenses, including MFA, biometrics, authenticators, and more.
As always, we…
— Binance Customer Support (@BinanceHelpDesk) February 4, 2024
Is your portfolio green? Check out our BNB Profit Calculator
Nonetheless, as of this writing, many in the cryptocurrency industry remain skeptical of this response. This caused Binance’s Weighted Sentiment to decline.
This suggests that at the time of reporting, negative comments surrounding Binance outnumbered positive comments.
Source: Santiment