Market Analysis Report (28 Nov 2022) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Market Analysis Report (28 Nov 2022)

One of Canada’s largest cryptocurrency exchanges, Coinsquare, has confirmed it suffered a data breach that affected users’ personal details, but has assured that customer assets are “secure in cold storage and not at risk.”

The exchange emailed customers over the weekend to report a “data incident” in which an unauthorized third party accessed a customer database containing personal information. Per the email, the breach exposed “customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.”

The email adds that no passwords were exposed and there’s “no evidence any of this information was viewed by the bad actor.” The exchange suspended activities on its platform after first discovering the breach last week, triggering speculation of potential liquidity issues.

Coinsquare reiterated that “100% of client funds are safely held in cold storage and are not used for business activities.”

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