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CZ Adresses KYC Data Breach

Sofia Cabrera

Summary: ON August 7, 2019, Changpeng Zhao (aka CZ), CEO of Binance, tweeted to his followers and users briefly addressing the rumors of the Know-Your-Customer (KYC) data leak calling it an attempt to spread "FUD" (fear, uncertainty, and doubt). The tweet reads, "Don't fall into the "KYC leak" FUD. We are investigating, will update shortly."  Binance ...

ON August 7, 2019, Changpeng Zhao (aka CZ), CEO of Binance, tweeted to his followers and users briefly addressing the rumors of the Know-Your-Customer (KYC) data leak calling it an attempt to spread "FUD" (fear, uncertainty, and doubt). The tweet reads, "Don't fall into the "KYC leak" FUD. We are investigating, will update shortly."  Binance users are in panic and worried due to figures posing with personal documents that are allegedly those of Binance users. Binance released an official statement saying, "We would like to inform you that an unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data. We are still investigating this case for legitimacy and relevancy."


Author: Sofia Cabrera

 

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