Hacker wants 10 bitcoins in return for stolen data of Chinese people

A hacker attacked the database of the Shanghai National Police (SHGA) and stole the personal data of more than 1 billion people.

China is a highly tech adoptive country in the world. At present, China is leading country in almost every sector, more significantly in terms of economy. In Q4 2021, China imposed a national ban on Cryptocurrencies, to kick out competition against its Central Bank Digital Currency (CBDCs), or say Digital Yuan.

In 2022, a hacker attacked the database of the Shanghai National Police (SHGA). Hacker(s) took advantage of the security breach and stole data of more than 1 billion people, which includes names, addresses, government ID numbers, mobile numbers, and other sensitive details.

The anonymous hacker claimed that he will sell all the data in exchange for 10 bitcoins ($200,000). 

On 4 July, Binance exchange Changpeng Zhao also talked about this matter on Twitter and confirmed that data of 1 billion residents are available to sell on the Dark web community platform. 

Zhao suggested all the platforms to enhance their security of the platform to remain away from any kind of incident.

“hacker detection/prevention measures, mobile numbers used for account takeovers, etc…(..)…All platforms need to enhance their security measures in this area. @Binance has already stepped up verifications for users potentially affected.”

China against crypto 

In 2021, China banned cryptocurrencies from the country fully and now only blockchain-inclined projects are working in the country. 

Now it will be interesting to see, whether Chinese government agencies will give 10 Bitcoins to hacker(s) or not. Because under the existing laws, no one citizen or government agency can use cryptocurrencies in any way or medium. 

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