Binance gives a lifelong VIP membership to KYC Leak Victims

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Giant cryptocurrency trade Binance has introduced that it gives a lifelong VIP membership to all customers affected by the latest Know Your Buyer (KYC) images leak on the platform.

Based on the official blog, Binance is at present "actively contacting all potential victims with (…) privateness safety and refund tips", and strongly recommends "affected customers to request new identification paperwork of their respective area." The function additionally states:

"We compensate affected customers with a lifelong Binance VIP membership, together with preferential buying and selling prices, assist and extra companies."

When a hacker is aware of your buyer

As a Cointelegraph reported Binance just lately mentioned that her investigation right into a KYC knowledge breach that occurred in early August continues to be ongoing. The trade safety and investigation group tries to determine the supply of KYC photos that resemble these of an unknown hacker.

Binance announced the August 7 leak, stating that an unidentified individual threatened the platform and demanded 300 bitcoins (BTC) in trade for withholding greater than 10,000 images of alleged Binance KYC knowledge.

Cryptocurrency exchanges usually require customers to submit a picture of themselves with login credentials to confirm their id.

Binance additionally states that a few of the leaked photos overlap with the pictures processed by an exterior provider with whom the trade had been in touch a number of instances from the start of December 2018 to the top of February 2019.

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