Crypto payment provider Transak faces hack incident, Trust Wallet Halts Support
Reportedly, an unknown hacker successfully gained access to the crypto payment service provider platform Transak, where the hacker stole 1.14% of users’ basic KYC data.
Trust Wallet is a popular decentralized crypto wallet that allows people to hold cryptocurrencies under self-custody, as well as trade cryptocurrencies via direct interaction with in-app integrated DeFi protocols.
On 21 Oct 2024, the Trust Wallet team officially clarified that they decided to terminate their support for crypto payment platform Transak temporarily.
The Trust Wallet team ensured that all customers’ funds were safe, and no loss occurred for any Trust Wallet users who interacted with the Transak service. They also confirmed that no critical details or information related to the Trust Wallet platform were exposed.
The Transak team provided precise details about the hack incident and admitted that the hacker succeeded in stealing the KYC details of 92,554 users.
The Transak team explained the security breach and stated that the unknown attacker gained access to a third-party KYC vendor’s system, exposing certain user information. However, no financially sensitive or critical data was compromised. Upon discovery, Transak took immediate steps to contain the breach, secure its systems, and protect user data.
The company stated that they remain committed to ensuring the ongoing security of their platform and users but clarified that the stolen information included customers’ names, dates of birth, ID documents (e.g., passports, driver’s licenses), and user selfies.
Coingecko newsletter subscribers details theft
In June of this year, a list of emails from Coingecko newsletter subscribers was breached. This hack was similar to the incident faced by Transak. A hacker accessed the email newsletter vendor’s system. In short, a third-party service provider faced the hacking incident. Following the incident, the Coingecko team urged all people not to buy any new tokens affiliated with Coingecko or participate in any Coingecko-named tokens, as the hacker had collected a large number of email addresses for unethical practices.
Read also: Shocking that Ripple Co-founder Chris Larsen donates $11.8M to Democratic Party Leader
