Coinmama Reports 450,000 Users Affected by Security Breach


One of the largest crypto brokerages in the global market with over 1.3 million active users, Israel-based Coinmama suffered a security breach on February 15th.

The incident was disclosed in a recent official press release stating that the exchange had 450,000 email addresses and passwords leaked during the massive world-wide hacking attacked the involved over 24 websites and some 747 million records.

Coinmama press release had this to say,

Today, February 15, 2019 Coinmama was informed of a list of emails and hashed passwords that were posted on a dark web registry. Our Security Team is investigating, and based on the information at hand, we believe the intrusion is limited to about 450,000 email addresses and hashed passwords of users who registered until August 5th, 2017.

Coinmama has stated that its response team is requiring all potentially affected users to reset their passwords upon login, as well as heavily monitoring its array of the system for any suspicious activity or unauthorized access. The platform further states that they are working to further enhance its safeguards and track down any fingerprints that the compromised data is being utilized.

Besides the new password requirement for any potential victims of this recent attack, the company is also requesting all users to ensure their password is robust and unique and to avoid opening any emails or attachment that are sent from unknown senders or providing any personal information to any third party sites.

“As of February 15, 2019, there has been no evidence of this data being used by perpetrators. Given the dated nature of the published data, we have no reason to suspect that any other Coinmama systems are compromised. Coinmama does not store credit card information.”

Coinmama wasn’t the only company to be affected by this, but a great amount of companies outside the crypto industry were also under attack. This hack represents the second high-profile system comprise for the industry this year, and considering we are still in the early stages of 2019, that says a lot.


Like it? Share with your friends!

Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at keith@cryptomenow.com

You may also like