Binance Exchange Users Affected by Data Leaks Receive VIP Accounts

Cryptocurrency exchange Binance announced that it will provide lifelong VIP accounts to users affected by a data leak earlier this month.

Recall that in early August on the Telegram channel called “FIND YOUR BINANCE KYC” photos of passports and identity cards, presumably owned by users of the exchange, appeared. At first, Binance denied that the data that got into the network belong to the customers of the site. However, the exchange is now reporting that some of the photos do correspond to customer account information.

“Some of the images that got on the Internet correspond to those that were processed by the intermediary with whom Binance several times signed contracts between December 2017 and February 2018. During the investigation, we found several images processed in Photoshop or otherwise modified that do not match the photos in our database and are taken into account in a comprehensive investigation. In addition, each image processed through Binance for KYC purposes is provided with a hidden digital watermark, which was not on the images that got on the Internet. “

The exchange also noted that it has “reliable measures to protect customers’ assets and information, including an updated KYC verification system and AI-based face recognition, introduced in 2018, as well as storing and indexing KYC data with an improved one in 2019 year of data protection technology. ”

The company turned to potential victims of an information leak and offered them lifelong VIP accounts on the exchange. Binance also recommends that affected users “apply for new identity documents in their region.”