Massive Data Theft, Details Of 1 Billion Chinese Sold For 10 BTC

An account on the Breach Forum claims to have stolen the data of 1 billion Chinese citizens from the Shanghai Police database. It was then sold on the dark web for 10 BTC or about $203,562.

Chinese is facing threat of data theft

The Chinese government planned to build blockchain technology that is transparent, secure, and free from speculation. Local regulators are now shocked by the actions of an anonymous person who claims to have hacked and stolen one billion people’s data measuring 23 terabytes. The person then sold it on the dark web for 10 BTC, or about US$203,562.

The ChinaDan account claims to have been successful in accessing data from the Shanghai National Police (SHGA). The hacker amassed a significant amount of data including names, residences, national identification numbers, contact information, and criminal histories.

“The database contains information on China’s one billion national population and several billion case records, including names, addresses, places of birth, national ID numbers, mobile phone numbers and all details of crimes or cases.”

ChinaDan released the information in the hacker forum Breach Forum.

The account also included a sample of 750 000 records to bolster its credibility. A private cloud service provided by Aliyun, namely Alibaba’s cloud, which is a part of the Chinese police network, according to ChinaDan, was used to extract the data.

The CEO of Binance, Changpeng Zhao (CZ), made an alert about this data theft. In a Twitter thread on July 4, CZ announced that his security intelligence team detected the sale on the dark web.

The data sold includes names, addresses, identity numbers, mobile phone numbers, police records and also medical records.

Binance claimed to have taken precautionary measures by increasing verification for users who are potentially affected.

In a recent Twitter thread, CZ suggested that the hacking action could have occurred because the developer wrote a tech blog on CSDN and accidentally entered the credentials.

China is currently rushing to investigate the incident. This incident shows that Beijing is facing many challenges, as the country is tightening its policy of censoring sensitive online content. Under Chinese law, the distribution of personal information is punishable by imprisonment.

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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