Coinmama hacked, 450,000 users affected

It's part of a multi-platform hack involving 24 companies and a total of 747 million records

Israel-based crypto brokerage Coinmama has suffered a data breach affecting 450,000 of its users.

“Today, 15th February 2019, Coinmama was informed of a list of emails and hashed passwords that were posted on a dark web registry,” it said in a statement.

“Our security team is investigating, and based on the information at hand, we believe the intrusion is limited to about 450,000 email addresses and hashed passwords of users who registered until 5th August 2017. This comes as part of a larger breach affecting 24 companies and a total of 747 million user records.”

Herd mentality

In December, Coin Rivet interviewed Coinmama CEO Asaph Schulman.

“People are flocking to us,” he said. “We’ve had existing customers coming back to us as they see the opportunity to buy crypto and we’ve had a huge influx of new people buying their first Bitcoins. The herd mentality is very strong.”

Check out the full interview here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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