According to a recent report, a data breach at crypto exchange Gemini resulted in the leak of 5.7 million emails. The company maintained that “Gemini account information or systems were not affected.”
Gemini Suffers Data Breach Involving Third Parties, Documents Claim 5.7 Million Accounts Potentially Leaked
On December 14, 2020, Cointelegraph reported that “5,701,649 lines of information belonging to Gemini clients” had been leaked due to a data breach. The publication had reviewed documents showing the leak which contained partial email addresses and phone numbers of Gemini customers.
On the same day, Gemini posted a blog about protecting customers from phishing, and mentioned that the breach occurred through a third party. The post read: “Some Gemini clients have recently been targeted by phishing campaigns that we believe are the result of an incident at a third-party provider. This incident led to the collection of Gemini customer email addresses and partial phone numbers.”
Gemini’s blog post added: “This third-party incident did not cause account information or systems to be compromised. Client accounts and funds remain safe.”
Gemini is not the first cryptocurrency company to experience a data breach. In 2020, Ledger suffered a data leak of its customers. Indian cryptocurrency exchange Buyucoin was reportedly hacked and leaked sensitive data of 325,000 users the same year. In July of 2021, Celsius explained that customer information was leaked just prior to the company filing bankruptcy the month prior. Opensea was also leaked.
Gemini’s blog post emphasized the importance of keeping customer funds safe, stating that it is their “top priority.” The post also warns customers not to trust the secrecy of an email address as a substitute for strong authentication methods. The Company also offers step-by-step instructions for resetting an email address associated with a Gemini account.
What do you think about data loss? Do you have any concerns? Please share your thoughts with us in the comments section below.
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