Turkish Crypto Exchange Admits To Data Breach Mid-2018

Sensitive Data Of Over 0.5M BtcTurk Users Were Stolen And Put Up For Sale.
  • Investigating the recent data leak allegations, BtcTurk found a user data set leak that occurred back in July 2018.
  • Last Friday, the criminal put the stolen data up for sale on an online forum with an attached sample set.
  • The stolen data set holds information on 516,954 exchange users registered before July 2018.

Turkey’s largest cryptocurrency exchange, BtcTurk, recently acknowledged a data breach that leaked sensitive information of its more than 500,000 users in mid-2018. The stolen data included users’ names, ID numbers, emails and addresses that the crooks tried to sell on internet forums. 

Privacy Is Their Priority

According to the exchange’s official announcement, the firm pays utmost attention to user data privacy, abiding by the Personal Data Protection Law [Kişisel Verilerin Korunması (KVK)], and thus, doesn’t leave data leakage allegations unexamined. The recent claim was made on Friday, when the stolen data set first appeared on an online forum; the seller even attached sample information as proof, reported Cointelegraph

Investigation Results

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Over the weekend, many users came across their personal data in the sample set and took to Twitter to spread the word. Although the firm first denied any such conduct, it still conducted a meticulous examination. After ensuring that the system wasn’t exposed to any such vulnerabilities at present, no problem or cyber attack, the cybersecurity proceeded with retrospective investigations. They found that a draft data set version, moved from the system in July 2018, somehow went out, resulting in a security breach.

Acknowledgement: Official Announcement

Acknowledging the allegations, on Monday, the company revealed that the data set contains information on 516,954 exchange users registered before July 2018. It includes their name, surname, user ID, email address, date of birth, phone number, last IP address of the account, and irreversibly masked user passwords with PBKDF2 algorithm, thus safe. The exchange assured that the users’ funds were safe, and shortly after, the forum thread selling the leaked data was also removed.

The announcement assured users that their selfie records, balance information, bank accounts, financial passwords and other qualified data are safe. The exchange will reach out to the potential data leak victims.

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Andrew Smithhttp://thecoinrepublic.com
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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