Canadian-based crypto exchange Coinsquare has announced that its customer data has been breached.
The exchange said the breached personal data was probably not seen by malicious individuals and customer assets were not at risk.
Coinsquare Announces Funds Are Safe
Coinsquare, one of Canada’s largest exchanges, said customer assets are safe in “cold wallets” and are not at risk.
The exchange, which advertises itself as “Canada’s trusted platform,” emailed customers yesterday to report an incident in which a third party accessed its customer database.
According to the email sent, the breach revealed “customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.”
Earlier this morning, we detected unusual activity on our platform and out of an abundance of caution, we decided to undergo an unscheduled maintenance period while we address this issue.
— Coinsquare (@Coinsquare) November 19, 2022
“No passwords were exposed. We have no evidence that any of this information was viewed by malicious people.”
The company suspended operations on the platform after detecting the vulnerability last week, which prompted rumors of a liquidity crisis following the collapse of FTX.
The company said the following regarding the rumors:
“We want to reiterate that 100% of client funds are securely held in cold wallets and not used for any commercial activity”
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