Monday, 4 March 2024

Crypto News faces backlash after reports of KYC data breach

KyberSwap offers a 10% bounty to hacker who stole $47M

  •, an Iranian exchange, faces KYC data breach affecting 230K users.
  • Research uncovers misconfiguration, exposing passports, IDs, and credit cards.
  • Conflicting claims between Cybernews and prompt user concerns., a prominent Iranian cryptocurrency exchange, is under scrutiny following reports of a significant security breach.

Cybernews researchers uncovered a misconfiguration in the platform’s cloud storage system, leading to unauthorized access and exposing sensitive Know Your Customer (KYC) data of nearly 230,000 users. The incident raises concerns about user data protection in the cryptocurrency industry, as conflicting narratives emerge between the research findings and’s official response.

Passports, IDs, and credit cards info compromised

The research by Cybernews exposed a misconfiguration in the exchange’s cloud storage system, providing unauthorized access to KYC data.

The compromised information includes passports, IDs, credit cards, and written consent to regulations for approximately 230,000 users. This breach underscores the vulnerability of user data and prompts users to question the safety of their personal information.

Conflicting claims and reassurances

In response to Cybernews’ allegations, spokesperson and security engineer Hossein Amini refuted the claims, stating the report was inaccurate and misleading. Amini asserted that there was no evidence of a data breach or unauthorized access to user information.

Contrary to the research findings, Amini confidently declared the security and integrity of the MinIO instance and cloud storage containers, emphasizing their commitment to user security.

Ramin Moradi, the CTO, also stated on X that Cybernews has not given any evidence on the security breach and as such he cannot I can’t confirm their claim. also stated that after “careful investigation, our technical team found the claims to be false and misleading.” They also went ahead to give a number of reasons through a thread of X (formerly Twitter) supporting their conclusion.

Impact on the Iranian crypto market, alongside other Iranian…

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