Bits of Gold Breach May Expose 200,000 Crypto Users, But Funds Remain Safe Online

Key Takeaways:

• A data breach at Bits of Gold could affect up to 200,000 customers.
• No exposure of customer funds, crypto assets, passwords or private keys.
• Phishing and impersonation attacks are still a primary concern after the potential data leak.

User Score

8.7

Israel-based crypto broker Bits of Gold is investigating a security incident involving unauthorized access to a third-party system used for data analysis and support. The company said its core crypto assets and customer accounts remain secure, but some personal information may have been accessed.

Bits of Gold said the incident occurred several days before it notified customers and was connected to a wider cyberattack involving a software provider used by multiple companies worldwide.

Upon detection, the company blocked the unauthorized access and cut off the affected system from its information sources. It has also engaged a third party cybersecurity expert to investigate the hack and alerted the appropriate authorities.

Potential information potentially accessible via the compromised system can contain complete names, identification numbers, email addresses, telephone numbers, IP handle, banking details, and public cryptocurrency wallet addresses.

According to Israeli media reports, approximately 200,000 customers may be impacted. But Bit of Gold hasn’t made public any final tally of users that have been affected. Its investigation is still in progress, the company says.

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However, according to the information cited in the local press, Bits of Gold is one of Israel’s established regulated crypto companies and has over 300,000 registered customers.

The company said it would establish what information was viewed, just how many customers were impacted and whether any data was deleted from the system. The 200,000-customer number has not been independently verified and the company is still investigating the impacted third-party system.

Bits of Gold stated that the incident was not related to customer funds or digital currencies.

The company had also stated that account passwords, private keys, ID-entrat door scans, full credit card information and the Cvv codes were not leaked. It doesn’t store any private keys or full card details.

There is also no evidence that the potentially exposed data has been used against customers so far. The trading services of Bits of Gold are unaffected and customers should not have to act as a result of the incident, the company said.

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