The crypto community has witnessed the CoinTracker software, which specializes in cryptocurrency portfolio management, being hacked, leading to the theft of many customer data.
The program specializes in tracking customers’ holdings of cryptocurrencies located within centralized and decentralized exchanges, in addition to storage pools where users need it in tax filing.
CoinTracker portfolio management software hacked
The hackers did not target decentralized finance (DeFi) protocols, but the goal was to access a central platform for the personal data of digital currency users. According to the CoinTracker platform report, a leaked list of emails was revealed to indicate that personal or financial information had not been hacked.
The platform’s website stated that users did not need additional procedures in light of their request that the company take responsibility for what happened.
How was user data compromised?
The crypto community learned about the hack after a user tweeted that the company had reported that third-party service Twilio had been hacked, gaining access to the software’s users and expropriating the data.
Twilio is the parent company of SendGrid, a platform that specializes in customer communications, transactional email, and marketing. The attackers gained access to employee accounts, which then gained access to the CoinTracker mailing list.
According to reports on social media, no data was hacked except for the email and phone number.
Hacking the encryption system
On the other hand, the encryption system remained a favorite target for hackers, as Binance users reported some illegal transactions, which raised the fear of traders that attackers would steal their keys and steal the accounts they were using in trading, which was denied by the Binance Exchange after that.
Over the past month, hackers stole more than $400 million from the FTX exchange after it filed for bankruptcy. According to the Chainalysis platform report, more than $3 billion of customer funds were seized by 125 breaches in 2022, and October was the most active month for crypto hackers. .
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