Cryptocurrency Exchange QuickBit Affected By Data Breach, Potentially Harming 300,000 Users

  • Crypto exchange QuickBit has been affected by a massive data breach
  • Around 300,000 users can be affected

The Swedish cryptocurrency exchange QuickBit, has been affected by a massive data breach in which could potentially harm 300,000 users and their records.

This breach happened due to an unprotected MongoDB database. The information was released by the exchange a few hours ago in a blog post.

Crypto Exchange QuickBit Affected By Data Breach

Paul Bischoff, a recognized security researcher, has provided information about the leak and how it can affect users’ data. As the exchange explained, a third party contractor left the data unprotected while trying to perform a security upgrade.

Google Translate provides this translation about what the exchange wrote:

“QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a server that has been visible outside QuickBits firewall for a few days, and thus accessible to the person who has the right tools.”

At the same time, they informed that a database has been exposed with information about name, address, e-mail address and also truncated card information for 2% of the company’s customer. Some of the information shared included names, addresses, email addresses, user gender, and dates of birth.

Furthermore, 143 records with internal credentials, secret keys, names and passwords were also made public.

The firm has a market capitalization of $22 billion after going public on July 11. This shows that regulated platforms do not always have the best security while dealing with users’ data and information. Moreover, this harms the crypto space even further due to a large number of exchanges and wallets that have been affected by hacks and other data breaches.

British Airways, for example, one of the largest airlines around the world, faces a £183 million fine for a data breach of its security systems.

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