News resurfaced that Binance’s know-your-customer (KYC) data had been hacked and uploaded into a Telegram group, dubbed “Find Your Binance KYC.” Several images of people holding their identities for the exchange’s verification process were posted in Telegram groups, causing customers to panic. In response, CEO Changpeng Zhao addressed the allegations.
— ๑ THE CRYPTO PANDA ๑ (@PandaofBinance) August 7, 2019
“Don’t fall into FUD”
The cryptocurrency community woke up on Wednesday with the news that Binance had been hacked once again. This time, several Twitter accounts were reporting that KYC data from the biggest cryptocurrency exchange in the world, in terms of trading volume, was leaked.
Despite the commotion, Binance’s founder and CEO Changpeng Zhao took to Twitter to warn the community against the “KYC leak FUD” and that the allegations were being investigated by the firm.
Don’t fall into the “KYC leak” FUD. We are investigating, will update shortly.
— CZ Binance (@cz_binance) August 7, 2019
The founding partner at Primitive Ventures, Dovey Wan, commented that even though the rumor that was spreading throughout the cryptocurrency community was true, it was actually outdated. In fact, the accusations refer to a data breach that happened in late August 2018, which had been reported earlier this year.
It seems to be the same old Binance KYC hack dated back in 2018/8/24? Which was reported early this year? pic.twitter.com/rz7JKCTxk7
— Dovey Wan 🗝 🦖 (@DoveyWan) August 7,