Paxful Denies Customer Data Leak Reports

Paxful has denied the ongoing reports of customer data leaks. The spokesperson of the cryptocurrency platform insisted that there was no leak in the sensitivity of customer information or details. An unknown online source recently was seen attempting to sell some private employee, and customer data allegedly received from Paxful. The firm’s spokesperson stated that no data or details of customers were jeopardized.

Paxful spokesperson says the firm didn’t release users data

An unknown online source recently was seen attempting to sell some private employee and customer data allegedly received from Paxful. Consequently, there were allegations against Paxful that it has a hand in the leaking of customer’s details. However, the spokesperson of the cryptocurrency platform insisted that there was no leak in the sensitivity of customer information or details. He said on Friday that their customers’ data wasn’t compromised at all. The spokesperson continued that employee data claimed to got illegally from the third party( a previously Paxful supplier) was not valid.

Paxful has terminated its contract already with the supplier since late 2020. Paxful has put down some measures to ensure their employees aren’t affected by the issue, and they have actively and consistently monitor the issue as a precautionary approach. On Friday, a social media user writes that a dump of a registered database of employees and users of Paxful was up for sale in the shadow forum. According to the post, names, phone numbers, addresses, and other private details were supposedly private were made available to the public in the English-speaking forum.

Data leaks continue to worry the crypto sector

Paxful, founded in 2015, is a marketplace that permits sellers and buyers to meet and trade Bitcoins online. Like LocalBitcoins, it permits different purchasing options and a range of payment methods that couldn’t be seen on conventional exchanges. Data leaks and hacks are now common in the world of technology. Facebook has lately suffered hacks. The recent one compromised data of over 500,000 users. Millions of accounts were affected through the notorious leak under Equifax in 2017. Cryptocurrency hardware wallet firm, known as Ledger, equally suffered a data hack issue in 2020.

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