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According to a recent report, cryptocurrency exchange Gemini suffered a data breach and 5.7 million emails were allegedly leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were affected.”
On December 14, 2022, crypto news outlet Cointelegraph published a report claiming that “5,701,649 lines of information related to Gemini customers” have been leaked by a data breach. Reporter Zhiyuan Sun wrote that the publication reviewed documents that had shown the leak contained “Gemini customers’ email addresses and partial phone numbers.”
On the same day, Gemini published a blog post about protecting customers from phishing incidents, mentioning that a third party was responsible for the breach. “Some Gemini customers have recently been the target of phishing campaigns that we believe are the result of an incident at a third-party vendor,” the trading platform’s blog post reveals. “This incident led to the collection of Gemini customer email addresses and partial phone numbers.”
Gemini’s post adds:
No Gemini account information or systems were affected as a result of this third-party incident, and all funds and customer accounts remain secure.
Gemini is not the first crypto company to suffer a data leak as hardware wallet maker Ledger had issues with a customer data leak in 2020. Last year, Indian crypto exchange Buyucoin was hacked and sensitive data related to 325,000 users was reportedly leaked. In July, Celsius explained that customer data was leaked before the company filed for bankruptcy, and a month earlier Opensea said it also suffered a leak.
Meanwhile, the Gemini blog post describes the security of client funds and associated accounts as the exchange’s “top priority.” The statement written by Gemini also insists that the company does not recommend users rely on “the secrecy of an email address as a substitute for strong authentication methods.” The company further provides step-by-step instructions on how to reset an email associated with a specific Gemini account.
What do you think about the Gemini data leak? Let us know what you think about this topic in the comments section below.
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