Brazilian Crypto Exchange Platform Hacked; User Funds Remain Unaffected

Aug 28, 2018 at 18:54 Update Date :Aug 28, 2018 at 18:54 UTC

According to the recent reports, a famous Brazilian crypto exchange and investment platform, Atlas, has gained unauthorised access into its systems. The personal details of approximately 264,000 investors, associated with the platform and its operations, have been exposed. The company, however, declares that the users’ funds are completely safe and secure.

Primarily reported by a YouTube channel, Investimentos Digitais (Digital Investments), the security breach involved a leakage of all the details, including the users’ balances on the platform, their email addresses, names, and phone numbers. As of now, there are exactly 14,500 records of the exposé. Further, it has been confirmed that there were 5,813 BTC (around $39 million) entrusted with the platform.

In the opinion of the Brazilian news outlet, Portal do Bitcoin, the confirmation has been provided by one of Atlas’ users itself, who is the owner of 2 BTC deposited with the platform. Additionally, CEO of Stratum coinBR, a crypto services platform, Rocelo Lopes, is one of those people whose details were revealed, as a result of this hack.

The investment platform has made an announcement, wherein, it disclosed that it will be carrying out a detailed examination of the occurrence. It has planned to work upon the matter with the help of proper authorities. Nevertheless, the company is confident about the fact that no funds were stolen, even if the hackers got along with leaking user data.
Putting it into the exact words, as stated by the organisation,
“We would like to point out that this wasn’t a bitcoin theft or a violation of our accounts in the exchanges. However, our customer base was exposed. At the time of the incident, we took immediate steps to protect the database and the passwords and private keys are encrypted.”

Owing its circumspection to the incident, the company asserts that it would now take up new and better security measures. Also, for the next few hours, it denies furnishing any kind of information relating to the leakage to anybody. Although the company is in process of studying the affected accounts, it abstains from sending any particulars, even to its customers, via email. Furthermore, account withdrawals have been curbed for the time being. As claimed, this is purely for “security reasons”.

The platform hopes to come up with the complete details of the hack, soon enough. It is only until then, that the operations have been scaled down.

Leave a Reply

Please Login to comment
Notify of