Major cryptocurrency change Binance states that some leaked Know Your Customer (KYC) photos overlap with these processed by a 3rd celebration vendor.

In an announcement on Aug. 23, Binance stated that its investigation of a KYC knowledge leak that occurred on Aug. 7 remains to be ongoing. The change’s safety and investigations staff is purportedly attempting to determine the supply of KYC photos just like these leaked by an unidentified hacker.

Cryptocurrency exchanges will typically require customers to submit a picture of themselves presenting credentials in an effort to confirm their id.

Binance states that a number of the leaked photos overlap with photos that have been processed by a 3rd celebration vendor the change contacted a number of occasions from early December 2018 to late February 2019. The announcement additional explains:

“During our review of the leaked images, there were multiple photoshopped or otherwise altered images which do not match the KYC images in our database and are being accounted into the comprehensive investigation. In addition, every image processed through Binance for KYC purposes is embedded with a concealed digital watermark, which was notably absent from all of the leaked images.”

As beforehand reported, Binance introduced the leak on Aug. 7, stating that an unidentified particular person had threatened the change and demanded 300 bitcoins (BTC) in change for withholding over 10,000 images of purported Binance KYC knowledge. 

At the time, Binance CEO Changpeng Zhao addressed rumors circulating concerning the alleged leak as an try and unfold “FUD” (worry, uncertainty and doubt). Zhao urged customers to not fall for the FUD.


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