Binance CEO Changpeng Zhao issued a warning on Sunday that thousands of leaked residence records are now for sale on the dark web. It also called for enhanced security measures to protect users and their data from malicious actors. Here are the details…
Binance CEO talks about information being put up for sale on the dark web
According to the CEO, popularly known as CZ, records of over a billion citizens in an Asian country have begun to be sold on the dark web. Data was shared, including not only names and addresses, but also national identity, police and medical records. CZ used the following statements:
Our intelligence team has identified 1 billion records for sale on the dark web, including name, address, national identity, cell phone, police and medical records from an Asian country.
CZ did not reveal the name of the country
While he did not reveal the name of the country, he noted that the leaked data was most likely due to “an error in the “Elasticsearch” distribution of information by a government agency. CZ called for “hack detection/prevention measures” and the development of “security measures.” Alongside these, CZ shared that Binance, one of the world’s largest cryptocurrency exchange platforms, is “already speeding up verifications for potentially affected users.” This is not the first time that sensitive customer data has been leaked online due to an Elasticsearch server.
Last month, researchers at Safety Detectives, a security product advisory service, discovered nearly a million customer records exposed on an Elsticsearch server operated by Storehub, a Malaysian software vendor. Security experts said the exposed StoreHub server was “left open without any password protection or encryption.” He added that it “potentially compromised the information of thousands of restaurants and retail stores, as well as employees and nearly 1 million customers.”
Changpeng Zhao’s wealth melted
Meanwhile, Changpeng Zhao recently came to the fore with the latest drop in the cryptocurrency space, losing billions of dollars. As we reported on cryptokoin.com, Changpeng Zhao said that he “doesn’t really care about money”. However, Zhao is the richest figure in the crypto world with a current net worth of $18.5 billion. But that amount was at $96 billion just months ago, before the crypto market started to decline.
But both the company and Zhao have been hit by falling crypto prices and the failure of so-called stablecoins like TerraUSD. Zhao’s net worth was $96 billion before the market spiral. So Zhao lost approximately $77 billion. Meanwhile, Binance’s native cryptocurrency BNB is changing hands at $216.
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