Swiss Minister’s Data Got Exposed In Recent Crypto Data Breach

The Swiss Minister’s data got exposed after he purchased some crypto and made his address, email, and phone number public. The company that he used to buy crypto got hacked according to the Swiss newspaper Le Matin Dimanche reports so let’s read more in today’s cryptocurrency news.

The Swiss federal councilor Alain Berset is the victim of a new data breach that exposed his personal information such as an address, email, and phone number out to the public after a company that he used to buy crypto got hacked. Fintech company Ledger SAS that offers services of purchase, security, and storage of crypto, suffered an attack back in 2020 and the Swiss Ministers’ data was stolen and exposed to the public.

Berset’s address and phone number in the canton of Fribourg could be easily found on the dark web where stolen personal data is sometimes sold. Berset is the minister for Switzerland’s Department of Home Affairs which was the lead agency for the nation’s COVID-19 pandemic response. A spokesperson for the department confirmed that Berset purchased crypto a few years ago privately in order to learn more about how they work.

The spokesperson didn’t give the amount invested and didn’t answer whether he owned any cryptocurrency but Berset was unaware of the data breach at Ledger at first. Ledger said on its website that it warned customers by email about the cyberattack and said their assets have not been endangered and that no information about amounts or transactions has been stolen.

As recently reported, The Swiss Financial Market Supervisory Authority or Swiss FINMA, gave a green light for the Crypto Market Index Fund to be the first crypto investment vehicle to operate within the country with proper licensing. According to Reuters reports, the Crypto Market Index Fund will be available to be qualified investors only. The Swiss financial watchdog said that it will fall under the “other funds or alternative investments” category which is associated with higher risks. In regards to these risks, FINMA explained that the approval came after examining specific requirements and included the addition of assets in the fund that have been with a bigger trading volume.

The Swiss Financial Market Supervisory Authority- FINMA will require local digital asset providers to follow new rules and prevent criminals from using crypto. The regulator also turned its sight towards BTC ATMs as they believe that the drug dealers often use these machines.