Bit24.cash faces backlash after reports of KYC data breach
Bit24.cash, an Iranian exchange, faces KYC data breach affecting 230K users. Research uncovers misconfiguration, exposing passports, IDs, and credit cards. Conflicting claims between Cybernews and Bit24.cash prompt user concerns. Bit24.cash, a prominent Iran ian cryptocurrency exchange, is under scrutiny following report s of a significant security breach . Cybernews researchers uncovered a misconfiguration in the platform’s cloud storage system, leading to unauthorized access and exposing sensitive Know Your Customer (KYC) data of nearly 230,000 users. The incident raises concerns about user data protection in the cryptocurrency industry, as conflicting narratives emerge between the research findings and Bit24.cash’s official response. Passports, IDs, and credit cards info compromised The research by Cybernews exposed a misconfiguration in the exchange’s cloud storage system, providing unauthorized access to KYC data. The compromised inf...