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Crypto exchange QuickBit based in Sweden, officially confirmed the data leak of 300,000 records that were exposed to the public by a contractor of the company while there was a security update as noted in the reports in the altcoin news today.

The Swedish crypto exchange QuickBit is now listed on the NGM Nordic MTF stock market and even saw its MongoDB database released to the public without the need of any authentication. The data leak however was discovered by Comparitech which is a tech company and the research Bob Diachenko on July 2. According to their findings, Quickbit’s database was leaked on June 28 when it was first managed by the security manager Shodan.

After the security researches discovered the data leak, the alerted the exchange immediately and after their conversions, the exchange initiated a full security audit and published a report of the incident on July 19. Comparitech claims that they know the number of records that were exposed in the data leak but it still remains a question how many actually users were affected in the incident. The researches also were unsure whether any malicious parties were able to gain access or copied the information from the leaked database during the period that they were exposed to the public.

As noted in some of the best cryptocurrency news sites, the exposed database included about 301,470 records including transactions that were conducted on the crypto exchange’s platform. The sensitive information contains full names and addresses, dates of birth and emails and many financial information as the credit card numbers and such. The Comparitech researchers say that the criminals can now use the information to take over accounts and carry out identity theft:

 “For example, a criminal might be able to use the last four digits of your credit card, along with your name, address, and date of birth, to convince a wireless carrier that they are an account holder for your account.’’

Comparitech also discovered about 143 leaked records that contained secret keys, user IDs and secret phrases which the malicious parties can use and full take over their accounts:

 “QuickBit’s technicians have immediately taken steps to ensure that all servers are protected behind firewalls, and prevent the possibility of similar incidents.’’