Atlas Quantum, a cryptocurrency trading platform in Brazil has revealed that it has suffered a major hack. The hack has led to the exposure of clients’ personal data, with over 260,000 accounts affected.
This information was revealed by the company on its official Facebook page on Sunday, August 26.
Investigation ongoing, funds not affected
Atlas Quantum revealed that it noticed the breach on Saturday, August 25 and is currently undertaking an investigation to determine exactly what happened. It, however, informed its customers that the security break has not affected funds from users’ accounts.
The hackers, however, have accessed plenty of personal data of their users, the firm admitted. Atlas Quantum added that it took measures to protect its database from further attacks immediately it found the leak.
Following the incident, the cryptocurrency exchange had to temporarily pause some service. User passwords and encryption keys are still intact, the trading platform assured its users.
Data breach index site Have I Been Pwned meanwhile reported on Sunday that a total of 261,000 customers have been affected by the security break.
The personal data of those customers were leaked and they include names, phone numbers, email addresses, and account balances.
The report added that 24 percent of the leaked data was already in Have I Been Pwned base. Atlas Quantum is a Brazilian-based investment and trading platform and is believed to be managing over $27 million in assets.
Cryptocurrency exchanges continue to suffer security breaches
Back in July, decentralized exchange platform, Bancor suffered a security breach which saw the hackers’ wheel away with more than $12 million from different accounts.
The cryptocurrencies stolen were Bancor’s native token BNT (the platform was able to freeze), 25,000 Ethereum (ETH) ($12.2 million) and 300,000 Pundi X (NPXS) ($1,200).
The exchange halted operations, which the platform says is specifically to allow investigative work prior to a full statement being released. Bancor later formed a crime-fighting ‘Crypto Defenders’ as it now tackles cybercrime threats to cryptocurrency entities.
Bithumb, South Korea’s second largest cryptocurrency exchange suffered a similar hack. In June, the cryptocurrency exchange lost cryptocurrencies worth $30 million to hackers. This led to the exchange temporarily suspending deposits and payment services on its platform.
The cryptocurrency exchange paid its users back and immediately moved a large amount of Ethereum to its cold wallet when they noticed abnormal access.
South Korea’s crypto exchange Coinrail was another hacking case witnessed earlier this year. The small crypto exchange lost $37 million to hackers.
The biggest hack so far this year is that of Japanese cryptocurrency exchange Coincheck which lost over $500 million to hackers. The exchange was hacked in January, with the firm confirming that 523 million tokens had been stolen.
The hackers wheeled away with $530 million worth of NEM tokens from the exchange. The exchange has new owners now and they have started paying customers who lost their funds in the hack.
The increasing number of cryptocurrency exchanges hacked is an indication that crypto exchanges need to do more in terms of securing user funds.
Japan’s Financial Service Agency has since then taken moves to ensure that crypto exchange in the country has adequate security before offering their services.