Brazil’s Atlas Quantum Crypto Trading Platform Succumbs to Exposure of Personal Data Breach
In a post on Facebook, Atlas Quantum revealed to clients that their data was at risk after a major breach that left the platform exposed. The August 26th post was written in Spanish, but Facebook’s translation tool indicates that it said, “We became aware early on Saturday night that a security incident involving the leakage of data from our customers occurred.
We are conducting an investigation with our information security advisor to understand the incident in more detail and we will cooperate with the appropriate authorities. We would like to point out that this is not a steal of bitcoins in custody or 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 passwords and private keys remain encrypted.”
The post goes on to let clients know that they are watching the accounts that have been impacted now, and they are working to figure out the best ways that they can defend accounts from this again. The platform has decided to freeze some of the different functions for now while they work on the updates. They noted that they would let clients know when they bring back the full functions, which should be within 24 hours of the post.
I Been Pwned, a website that records and investigates these types of data breaches, released their own publication on August 26th. This new report said that there was a total of over 261,000 customers whose accounts were impacted. Though the leaked information didn’t allow the hackers to actually take out any funds, the users’ records of their names, phone numbers, email addresses, and wallet balances were left exposed. To make matters worse, about 24% of the information was already found within the database for Have I Been Pwned.
Atlas Quantum’s platform includes over $27 million in assets for users, which could have been part of the appeal for hackers. Bancor, another decentralized exchange, had a similar attack for their data, except that their exchange were the victims of over $12 million in theft. To prevent these issues from happening again, the company ended up creating a venture called “Crypto Defenders” to prevent and to handle any other cases that may happen.