Hackers Steal 1000 Traders’ Personal Data From CryptoTrader.Tax

Hackers steal 1000 traders’ personal data from the CryptoTrader.tax online service that is used to calculate and file taxes on the crypto traders so let’s find out more in today’s crypto news.

The hackers broke into the CryptoTrader.Tax marketing and customer service employee’s account on the support center platform according to the sources that came across the hacker on the dark web forum. After gaining access, the hacker could see the customers’ names, payment processor profiles, email addresses, and messages that contained crypto incomes.

The hackers steal a lot of data over the past few months and some even posted on the forum to entice potential buyers of the data and sent pictures to the sources. David Kemmerer, the co-founder, and chief executive of CryptoTrader.tax confirmed that the hackers gained unauthorized access to the marketing and customer service employee’s account. They were able to see the support center details in the materials by downloading files with 13,000 rows of information including the 1082 unique email addresses.

Cryptotrader.tax security team investigated the data breach and found tax filing account passwords, but the website was not compromised. The team said that they have alerted the parties affected by the breach and took more steps to improve security measures and monitoring systems across the internal third-party apps. Operated by Kansas-City based Coin Ledger Inc, the tax platform allows users to import trades from 36 crypto exchanges and auto-generate crypto income gains and losses in the tax reports.

To pay for subscriptions, the premium users enter billing information into Stripe, the payment processor which is connected to the support center of the platform which shows customers’ email addresses and locations but doesn’t expose physical addresses or credit/debit banking information. The hackers also managed to access the marketing communications part, commission earnings data, and referral numbers as well as the revenues from affiliates that promote CryptoTrader.tax service on social media and websites.

Also, in the previous reports, we saw that Hackers from North Korea are using altcoins that are untraceable in order to convert stolen cryptocurrencies into cash equaling more than $1.5 billion in stolen funds. The news reports from NK News, which is an unpublished United Nations Panel of Experts report shows that the North-Korean hackers have stolen more than $1.5 billion in crypto and that they were converting a portion of the amount into cash.