The infamous Coin Cloud hack, best known as a Bitcoin ATM company, remains unknown to its new owners, and despite looking into the matter, they were not able to find the source or culprits behind it. This was through a renowned cybersecurity organization that reported the recent breach that allegedly took place in November, claiming that sensitive information was stolen.
Coin Cloud Hack: Bitcoin ATM Company Face Unknown Breach
A report last November by vx-underground via X detailed the unauthorized access in Coin Cloud's system, stating that an unknown threat actor/s compromised it.
Moreover the organization said that the hackers have claimed that they were able to steal the source code of Coin Cloud's backend, one of the most significant access to the company's systems.
The report claimed that the threat actors allegedly hold sensitive information from Coin Cloud's customers, including those with accounts residing in the United States and Brazil. As many as 70,000 customer selfies (obtained through ATM cameras), social security numbers, date of birth, email addresses, names, telephone numbers, and more are with the hackers.
Sensitive Information Allegedly Stolen, Owner Still Bewildered
However, it was reported by Tech Crunch that its current owner and CEO, Andrew Barnard, claimed that after their recent investigation, they could not determine the culprit behind the hack or any indication of the company's breach.
Coin Cloud filed for bankruptcy in February 2023, and it was later acquired by Genesis Coin. However, earlier this year, Genesis Coin was also acquired by Barnard and his associates, making Coin Cloud theirs.
Barnard went as far as to say that this controversy is a "mystery," as there is no concrete evidence behind Coin Cloud's hack.
Cryptocurrency is Known for Facing Hacks
Cryptocurrency is best known for being a secure financial asset, especially as it relies on the blockchain which is maintained across computers, under a peer-to-peer network that prevents online trail. However, this does not mean that threat actors cannot get crafty with their ways, as a recent breach on HTX and the Heco Chain stole as much as $115 million, linked to Justin Sun.
Additionally, last quarter also saw a massive hack against the Hong Kong-based crypto company, Mixin, which saw as much as $200 million worth of the coins stolen from them. This was through the vulnerabilities in their cloud service provider's database, with the company previously working on enhancing their security and fixing all of the problems present in their system.
However, it is not only hacks that compromise users in the crypto space, as massive scams like phishing, ransomware, malware, and more are actively exploiting the community.
The recent alleged breach on Coin Cloud remains a mystery for its new owners after bouncing around ownership after it filed its bankruptcy, and despite investigations, they still have not gotten to the bottom of it.
Read also: Crypto Scam Exposed: US Seizes Digital Currency in Connection to Southeast Asia Investment Fraud
