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BuyUcoin Hack: Info of 300K Users Leaked to Dark Web

BuyUcoin Hack Info of 300K Users Leaked to Dark Web
  • Cryptocurrency exchange BuyUcoin got hacked, exposing data of over 300,000 users.
  • BuyUcoin released a statement that denied the claim.
  • The 6GB data dump on the MongoDB database contained BuyUcoin data.

BuyUcoin, a cryptocurrency wallet and exchange platform based in India, has been breached by hackers. As a result, hackers had exposed over 300,000 BuyUcoin users’ personal data on the dark web.

Based on the research provided by Rajshekhar Rajaharia, the hackers penetrated the exchange three times in  2020. In addition, the hackers stole sensitive information of the users such as KYC details, user wallet information, and user bank records. Above all, the darknet community could access the stolen details from the exchange.

Aside from the other users, Rajshekhar said that his information also became vulnerable due to the said incident. He explained BuyUcoin hackers leaked about 6 GB of files containing the personal data of users, his included.

These events made BuyUcoin platform release an official statement to address all its users’ concerns. “Regarding the media report, we are thoroughly investigating each and every aspect of the report about malicious and unlawful cybercrime activities by foreign entities in mid-2020”, the team said.

Additionally, the hacking incident that involves the BuyUcoin crypto platform was linked to the infamous hacking group ShinyHunters. Specifically, ShinyHunters allegedly did various fraudulent activities such as sharing illegal information and selling companies’ databases.

Prior to the BuyUcoin hacking incident in 2020, ShinyHunters also cracked the system of Coinsecure exchange in 2018. Therefore, Coinsecure lost a whopping amount of 20 crore INR (about $2.7 million).

Moreover, crypto exchange hacking is not a new topic in the crypto world. In other words, there are many hackers in the crypto industry.

An aspiring journalist who spills her ideas in cryptocurrency and blockchain-related matters. With her background in Communication and Journalism, she is more inclined to write about reality than fiction.