Coinmama Security Breach 450k Email and Passwords Leaked on Dark Web

It has been a troubling time for crypto exchanges over this past month. This time, Coinmama, a crypto broker based in Isreal, has announced that 450k email and passwords have been stolen and are up for sale on the dark web. They are currently working with cyber security teams to understand the scope of the situation. In the official announcement Coinmama stated:

Today, February 15, 2019 Coinmama was informed of a list of emails and hashed passwords that were posted on a dark web registry. Our Security Team is investigating, and based on the information at hand, we believe the intrusion is limited to about 450,000 email addresses and hashed passwords of users who registered until August 5th, 2017. 

Coinmama, official announcement

With the crypto market having a huge future potential, it will come to no surprise that exchanges will be subject to theft. Keep your investments safe and free from any risk. Do not keep your investments in an exchange that does not adopt the appropriate safety measures. And, finally, do not give your private keys to anyone!

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.