RATE Group | Crypto exchange blackmailed for 300 bitcoin
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Crypto exchange blackmailed for 300 bitcoin

07 Aug Crypto exchange blackmailed for 300 bitcoin

Posted at 13:55h in Cryptocurrency News by

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Passports and identity documents from Britain, France, the United States, and other nations around the world are being posted online as part of an apparent attempt to blackmail the world’s biggest cryptocurrency exchange.

Binance said on Wednesday that it is being blackmailed for 300 bitcoin (BTC-USD) over alleged hacked customer data and was working to identify who was behind the demand.

The company said in a statement on Wednesday 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.”

KYC data refers to “know you customer” data. Financial regulation requires companies handling money to know who they are dealing with. A spokesperson for Binance said said it requires new customers to provide a photo of their passport or official identification document and a photo of themselves holding the same document.

Binance said it has refused to pay the 300 BTC —…

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