Hacker Requests 10 Bitcoin In Exchange For Stolen Data On A Billion Chinese Citizens.

Hackers allegedly acquired personal information from over 1 billion Chinese people. ChinaDan, an unidentified hacker, claims to be selling the stolen information for 10 Bitcoin.

Hackers are selling personal information about Chinese residents taken during a cybersecurity breach that purportedly targeted a Shanghai National Police database (SHGA).

The security breach, which occurred in 2022, exposed the personal information of approximately 1 billion Chinese citizens. The data is now available for purchase on both the open and dark webs. It contains names, residences, government ID numbers, mobile phone numbers, and other sensitive information.

One unnamed hacker, ChinaDan, claims to be selling the stolen information for ten bitcoin ($200,000). ChinaDan advertised the offer on Breached.to, a black hat hacking site.

Binance CEO Changpeng Zhao stated over the weekend on Twitter that the exchange’s threat intelligence systems discovered 1 billion resident records from “one Asian country” for sale on the dark web. According to the exchange, it has increased its verification measures for people affected by the incident.

Zhao went on to say that the breach could have been caused by a faulty deployment of ElasticSearch, a major search and data analytics engine used by businesses.

According to Kenny Li, co-founder of the web3 privacy project Manta Network, the intrusion may have consequences for the crypto sector. “The stolen data could be used to exploit users and do things like phishing attacks to steal keys or unauthorized access to applications like centralized exchanges,” Li said.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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