- Australian cryptocurrency exchange BTC Markets has apologised for revealing the personal details of more than 270,000 of its members earlier this week.
- The company sent emails to batches of its members which included their names and email addresses.
- The breach makes BTC Markets users more vulnerable to phishing and other cyberattacks attempting to gain access to their cryptocurrency.
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One of the main selling points of cryptocurrencies is that they are designed to offer their users privacy or even complete anonymity. But not even the cleverest creators can completely thwart human error.
Early on Tuesday morning, an Australian cryptocurrency exchange that bills itself as the largest in the country inadvertently exposed more than 270,000 of its members names and email addresses.
Users posted to social platforms like Twitter and Reddit to complain about the breach.
BTC Markets Tether Listing & Spark token Update. Everyone’s name and email address pic.twitter.com/x2U4FnZMoR
— Stevosxrp.crypto (@Stevo36787477) December 1, 2020
BTC Markets issued a statement acknowledging that the company had breached the privacy of its customers and apologised for the situation.
“Earlier today, an announcement from BTC Markets exposed client names and email addresses. This is a deeply regrettable situation and we apologise wholeheartedly for it,” the company tweeted on Tuesday evening.
The company stressed that the breach did not affect their exchange, nor were there passwords exposed in the breach. The company’s CEO Caroline Bowler said in a tweet that all of its customers were affected.