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Headline : Trust Wallet halts Transak onramp after data breach

Read more from the original article on here at crypto.news.





Tags : #trust #wallet #halts #transak #onramp #data #breach



No. of Paragraph 25

Trust Wallet temporarily suspended Transakโ€™s fiat-to-crypto payment service after the Miami-based firm suffered a data breach.

According to Transakโ€™s official statement, hackers gained compromised credentials through โ€œunauthorized accessโ€ to a third-party employeeโ€™s laptop. The sophisticated phishing tactic used against a Transak KYC vendor allowed criminals to obtain personal data like names belonging to over 92,554 users.

More than 5 million people use Transakโ€™s service, and less than 2% of its users were impacted, per the companyโ€™s blog post on Oct. 21. The firm said it has engaged law enforcement to help in the investigation and disclosed plans to contact all affected users.

Several digital asset storage providers like Trust Wallet, Metamask, Ledge, and Coinbase employ Transakโ€™s fiat-to-crypto or onramp payment corridor to ferry value from currencies like U.S. dollars to Bitcoin (BTC) or Ethereum (ETH).

Read more from the original article on here at crypto.news.


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