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Canadian Crypto Exchange Coinsquare’s Client Data Breached; Assets Safe

Coinsquare, one of Canada’s largest cryptocurrency exchanges, reported a breach of its client’s data and added the breached personal data may not have been seen “by the bad actor.” It confirmed the assets of customers are “secure in cold storage and are not at risk.”

The update said an unauthorized third party accessed the customer database containing personal information including, “customer names, residential addresses, email addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.”

Interestingly, the data breach happened on the platform a month after Coinsquare became the first Canadian crypto trading platform to be registered with the Investment Industry Regulatory Organization of Canada (IIROC).

“We want to reiterate that 100% of client funds are safely held in cold storage and are not used for business activities,” it said.

Coinsquare suspended activities on its platform after finding the breach causing speculations about whether it was under liquidity issues as the FTX contagion had hit the larger industry. However, Coinsquare restored all services on Friday, according to a tweet.

A company e-mail to customers claimed, “…no passwords were exposed. And there is no evidence “any of this information was viewed by the bad actor.”

 

 

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