Major Canadian Crypto Exchange Coinsquare Says Client Data Breached (coindesk.com) 19
Coinsquare, one of Canada's largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are "secure in cold storage and are not at risk." CoinDesk reports: The exchange, which touts itself as "Canada's trusted platform to securely buy, sell and trade Bitcoin, Ethereum, and more," emailed customers Friday to report a "data incident" in which an unauthorized third party accessed a customer database containing personal information. According to the email, the breach exposed "customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances." Although the email was sent Friday, Coinsquare discovered the breach last week and notified customers via Twitter. "No passwords were exposed. We have no evidence any of this information was viewed by the bad actor," the email stated.
Coinsquare suspended activities on its platform after detecting the vulnerability last week, triggering speculation of possible liquidity issues, given the momentous implosion of multi-billion-dollar crypto exchange, FTX, earlier this month. Full service was restored on Friday, according to a tweet. "We want to reiterate that 100% of client funds are safely held in cold storage and are not used for business activities," the company tweeted.
Coinsquare suspended activities on its platform after detecting the vulnerability last week, triggering speculation of possible liquidity issues, given the momentous implosion of multi-billion-dollar crypto exchange, FTX, earlier this month. Full service was restored on Friday, according to a tweet. "We want to reiterate that 100% of client funds are safely held in cold storage and are not used for business activities," the company tweeted.
Give us this day our daily thread (Score:2, Insightful)
Though I'd really wish you'd rather deliver us from this evil.
I really have to check what's on the other channels...
Re:Give us this day our daily thread (Score:4, Insightful)
**PSSSHT**
Moped Jesus spotted on freeway.
**PSSSHT**
Orange guerrilla considers running for President of the United States. When asked for comment, he said: Ook! Ook! Ook!
**PSSSHT**
Aliens, here to make you gay, steal all the women, or both?
**PSSSHT**CLICK
Nope. Sorry. It's all shit out there. Maybe read a book instead? Something from before 2010 ought to do the trick...
Re: (Score:1)
Oddly I still had someone try to sell me on Bitcoin being the future
Re: (Score:3)
I really have to check what's on the other channels...
"..I got 13 channels of shit on the TV to choose from."
--some rock band not too many decades ago..
Had I had mod points right now, I think you'd walked away with a +1 insightful, but only after an internal fight with myself about insightful / funny. Why is it there's such a duality in the good posts? +1 Hilariously Insightful should be a thing.
Re: (Score:3)
Though I'd really wish you'd rather deliver us from this evil.
I really have to check what's on the other channels...
Don't think of it as evil. Think of it as opportunistic culling.
Re: (Score:2)
are you not entertained?
https://www.youtube.com/watch?... [youtube.com]
Re:Give us this day our daily thread (Score:4, Interesting)
Personally, I am a fan. I want to know when yet another Crypto exchange gets hacked or goes bankrupt. It is hard to argue that it isn't technology related. Heck, just a minute ago they were calling this Web 3.0. It sort of reminds me about being on /. during the dotcom crash.
I remember getting on /. back in the day and making fun of pets.com and the idea that people would order their dog food over the Internet. Fast forward 20 years and it turns out that pets.com was just ahead of its time.
Personally, I don't see many cases where blockchain makes more sense than some other technology, but I have definitely been wrong before.
Re: (Score:2)
Crypto.... (Score:1)
Re: Crypto.... (Score:2)
Re: (Score:1)
Works fine as long as you send LATIN-1, not UTF-8.
But I noticed not even the editors can manage that any longer. Even though with the proper accept-charset set, the browser ought to do the conversion transparently. Welcome to the wonderful world of "we'll just pretend all the world is UTF-8 even if we damn well know it isn't."
Re: (Score:2)
They are just too stupid to realise you cannot abbreviate crypto-something by "crypto", because crypto is already an abbreviation. Not that this is glaringly obvious. It nicely fits the general pervasive stupidity in that space though.
Ho hum... (Score:2, Troll)
another day, another TWO crypto trainwrecks.
Will a lot of GPU servers hit the market? (Score:3)
Will there be a sudden leap in the number of high end servers, especially those with GPUs, that are (were) used for crypto mining be suddenly available, thereby pushing down the price?
If this does happen, I sure would love to pick one up cheap to do rendering for my animation that I am creating using Blender, the open source modeling and animation software.
It sure will be interesting to see the massive crypto mining farms start to collapse and become available on the cheap for other non-crypto uses!
I Love You All
Mark Allyn
Bellingham, Washington
Well... okay. Not terrible. (Score:2)
Okay, exchange hacked. But while personal information is stolen, all assets are in cold storage, and are not being passed around.
Doesn't that make them, "Best in Class"?
Re: (Score:2)
Okay, exchange hacked. But while personal information is stolen, all assets are in cold storage, and are not being passed around.
Doesn't that make them, "Best in Class"?
In Canada, all storage is cold storage.
Re: (Score:2)
Except that this is not credible. The very reason for existence of exchanges are that they step in for the dog-slow and barely usable at all "real" blockchain. You cannot do that with assets in a cold vallet.
Another ready to bite the dust (Score:2)
Probably preparing a rug-pull (Score:2)
The claims of "we have been hacked" are a typical step in that. At the moment they still claim customer funds are "safe" (they are not with an exchange and cannot be...), which indicates they are not finished transferring their customer's assets away. But I predict that as soon as that is complete, the lead people will vanish and they will announce that the attack was a lot worse after all and, sorry, all customer assets are gone.