3 Million CoinMarketCap Email Addresses Exposed In Security Breach

3 million CoinMarketCap email addresses were exposed in a security breach of the platform but the price aggregator site said it hasn’t been hacked so let’s read more about it in our latest crypto news today.

Over 3 million CoinMarketCap email addresses were exposed online and sold to hacker forums after a security breach on the platform. At the moment, the platform said there were no signs pointing to a breach. The site that scans the internet for data breaches reported that more than 3 million email addresses were stolen from the aggregator’s site database.
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Analysts from Have I Been Pwned discovered that the emails used on the crypto price aggregator site were traded on a hacking forum and that the suspected leak didn’t contain passwords.

New breach: 3.1M email addresses from CoinMarketCap were found being traded this month. CMC have advised there is "a correlation with our subscriber base", but are yet to identify the source of the data. 99% were already in @haveibeenpwned https://t.co/LGaAnj1hUA

— Have I Been Pwned (@haveibeenpwned) October 22, 2021

CoinMarketCap said today in a blog post that the leak didn’t come from the servers of the platform but the Binance subsidiary said it found no trace of a security breach. The platform reportedly told Have In Been Pwned there’s a correlation with the subscribers base but 99% of the emails were listed in the data breach site which means that they had already been exposed by earlier breaches on other sites.  The price aggregator said:

“As no passwords are included in the data we have seen, we believe that it is most likely sourced from another platform where users may have reused passwords across multiple sites.”

The platform believes that the attackers sold a list of leaked emails and them compared it with other collections of leaked information to verify the emails:

“This is how the list of emails that claim to be from CoinMarketCap looks real — it’s because it’s a ‘cleaned’ email dataset from the Dark Web that has occurred in previous leaked email sets totally unrelated to CoinMarketCap.”

Reasonable chance of an email breach at #CoinMarketCap. If any of you folks signed up to CMC, you may want to check if your email was part of the breach:https://t.co/HuAyLUBf2S https://t.co/2xens3JZHf

— Coin Bureau (guy.eth) (@coinbureau) October 23, 2021

Binance was hacked in 2019 and the hackers accessed important information like two-step authentication data and API keys and stole 7000 BTC as the hacks are rife on the binance blockchain like the Binance Smart Chain. Decentralized finance protocol PancakeHunny was exploited for $1.9 million after attackers used flash loans and manipulated the price of the liquidity pools.

As reported, The gap between crypto analytics providers Coinmarketcap and CoinGecko started narrowing down as it comes to the number of website visits that each site receives per month. According to a report from the outlet The Ken, CoinGecko had about 20.6 million monthly desktop and mobile visitors in October while Coinmarketcap had 29 million. The numbers represent a 135% increase in traffic for the Singapore-based company since May when the platform drew four times as many visitors as CoinGecko.