Paxful Says Bitcoin Buyers Are Safe From Data Breach
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Paxful Says Bitcoin Buyers Are Safe From Data Breach

THELOGICALINDIAN - The peertopeer crypto barter says that alone its agent annal were leaked

Peer-to-peer Bitcoin barter Paxful says that its user abstracts has not been leaked, admitting claims to the adverse by an alone attempting to advertise the allegedly baseborn data.

Stolen Data Is Not User Records

A affiliate of the baseborn abstracts exchange RaidForums afresh put up for auction a database allegedly absolute advice on 4.8 actor Paxful barter and staff. That abstracts would accommodate the names, bearing dates, and acquaintance advice of Paxful’s users.

However, it appears the abstracts for auction does not absolutely exist. Ray Youssef, CEO of Paxful, declared on Twitter that “all funds and identities are safe.” He added that “no user abstracts was leaked [and] no aperture was anytime fabricated [against] our users. Ignore the FUD.”

He asserted that the leaked abstracts was in absolute actuality “old agent annal from a amount armpit we no best use.”

It seems acceptable that Youssef’s annual is correct. According to   Decrypt, abeyant buyers of the allegedly baseborn abstracts were afraid to pay because Paxful had not appear a breach. RaidForums administrators reportedly tagged the auction as apprehensive as well.

Was Any Data Stolen?

Though Paxful ability not accept been attacked, crypto companies are common targets of abstracts theft. In 2021 alone, KeepChange and BuyUCoin both saw abstracts leaks. In antecedent years, Ledger, Poloniex, BitMEX and BTC Markets accept additionally had user abstracts exposed.

Data leaks, both absolute and imagined, could animate some users to move to decentralized exchanges that do not abundance user records.

However, alike that is not abundant to break the problem, accustomed that non-crypto websites can additionally be hacked. According to Wikipedia, over 350 companies accept accomplished user abstracts breaches back 2024, including big tech companies like Yahoo and Facebook.

Disclaimer: At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.