Binance Investigating ‘KYC Leak FUD’ as User Selfies Allegedly Exposed

The CEO of cryptocurrency exchange Binance has refuted claims hackers gained access to confidential user information such as personal ID.

In a tweet Aug. 7, Changpeng Zhao described rumors circulating about the alleged know-your-customer (KYC) data leak as an attempt to spread “FUD” (fear, uncertainty and doubt).

“Don’t fall into the ‘KYC leak’ FUD. We are investigating, will update shortly,” he wrote.

Social media users had panicked earlier after what appear to be fake warnings showed figures posing with personal documents, apparently of Binance users.

A dedicated Telegram group featuring the documents currently has more than 8,300 members, growing by thousands in a matter of minutes. Material posted to the group lacks the digital watermark Binance uses for its internal information, adding doubts about its authenticity.

Binance is one of the world’s largest cryptocurrency platforms by volume. Last month, it introduced margin trading in a competitive move against market giant BitMEX.

A Binance representative, however, said that an official statement is coming shortly.

Subscribe to our groups in Facebook and Telegram and stay up to date.

Main, News

Leave a Reply

Your email address will not be published. Required fields are marked *