A Telegram group which is quickly gaining new members contains upwards of 850 KYC photos of users of the world’s largest cryptocurrency exchange, Binance. The CEO of the exchange, Changpeng Zhao, revealed that they are already investigating the matter and has warned people not to fall for the “KYC leak” FUD.
Was Your Binance KYC Photo Leaked?
Binance is known for being one of the cryptocurrency exchanges with most demanding know-your-customer (KYC) procedures required for verifying an account.
However, this also comes with increased responsibility as the sensitive data must be kept safe and off the hands of wrongdoers.
Earlier today, veteran Bitcoin analyst and trader, Nick Cote, claimed that their KYC data was compromised and that there is a functioning Telegram group which contained mandatory KYC photos and passport snaps of registered users.
It’s not a new dump, and was previously addressed here:https://t.co/I6sHyPZhi3
We can put down the pitch forks an extinguish the torches.
— Nick Cote (@mBTCPizpie) August 7, 2019
Indeed, the group does contain upwards of 850 photos of people holding a note with Binance and the date of the photo, as well as pictures of passport pages and so forth. The group already has more than 8,600 members in it and it’s seemingly gaining steam.
It’s also important to note that back in January, hackers claimed that they had obtained a significant amount of KYC data from 4 major cryptocurrency exchanges – Binance, Bitfinex, Poloniex, and Bittrex. At the time, Binance denied the claims.
Don’t Fall For The “KYC Leak” FUD, CZ Says
Quick to comment on the matter was the CEO of the cryptocurrency exchange, Changpeng Zhao.
He warned people not to fall into the “KYC leak” FUD and he said that Binance is already investigating and will provide an update shortly.
For what is worth until we get further confirmation, it’s unreasonable to consider that these photos are indeed leaked KYC pictures of registered Binance users. It might as well be someone who wants to spread FUD by taking photos of stolen passports. Also, it’s worth noting that virtually anyone can grab a note and write “Binance” with the date on it.
The post The Telegram Group That Might Contain Your Binance KYC: Binance Investigating appeared first on CryptoPotato.
Source: Crypto Potato