Binance Provides Lifetime VIP Membership to KYC Leak Victims
Main cryptocurrency change Binance introduced that it’s going to supply a lifetime VIP membership to all its customers affected by the latest Know Your Buyer (KYC) pictures leak on the platform.
In line with the official weblog, at the moment Binance is “actively contacting all potential victims with […] steering on privateness safety and restitution,” and extremely recommends “affected customers to use for brand spanking new identification paperwork of their respective area.” The put up additionally states:
“We’re compensating affected customers with a lifetime Binance VIP membership, together with preferential buying and selling charges, assist, and extra providers.”
When a hacker is aware of your buyer
As Cointelegraph reported just lately, Binance stated that its investigation of a KYC information leak that occurred to start with of August remains to be ongoing. The change’s safety and investigations staff is purportedly attempting to determine the supply of KYC pictures much like these leaked by an unidentified hacker.
Binance introduced the leak on Aug. 7, stating that an unidentified particular person threatened the platform and demanded 300 bitcoins (BTC) in change for withholding over 10,000 images of purported Binance KYC information.
Cryptocurrency exchanges typically require customers to submit a picture of themselves presenting credentials with a view to confirm their identification.
Binance additionally states that a few of the leaked pictures overlap with the photographs that have been processed by a 3rd celebration vendor the change contacted a number of occasions from early December 2018 to late February 2019.