A Hacker Claims to Have Accessed Law Enforcement System Used by Coinbase and Binance
A hacker, known as “Tamagami,” has allegedly gained access to a law enforcement system used by cryptocurrency exchanges Coinbase and Binance. However, there is disagreement among the involved parties regarding the seriousness of the threat. Cybercrime intelligence firm Hudson Rock reported the claims on its InfoStealers blog, stating that Tamagami offered to sell access to the compromised account for $5,000. This access could potentially allow someone to impersonate law enforcement and acquire sensitive data related to crypto exchange users.
Hacker’s Claims and Legitimacy
Although it is difficult to validate Tamagami’s claims, Hudson Rock’s CTO, Alon Gal, stated that the hacker provided what appears to be genuine images from Google and Meta’s law enforcement systems. Additionally, the hacker has a reputation on a cybercrime forum, indicating some level of legitimacy.
Known Threat Vector
Hudson Rock discovered over 50 sets of credentials for Google’s law enforcement system from various Infostealer infections. Gal emphasized that hackers selling access to law enforcement systems is not an isolated incident but rather a known threat vector.
Responses from Binance and Kodex
Binance denies that their system has been breached, suggesting that compromised law enforcement accounts may be involved instead. They claim to have thorough documentation processes and constant monitoring to protect user data from unauthorized access.
Kodex disputes the claims made by Tamagami. They explain that access to their platform does not equate to access to its functionality. The screenshots shared by the hacker only demonstrate incomplete processes and do not provide evidence of actual requests or returned data.
Hot Take: Mixed Reactions Surround Alleged Law Enforcement System Breach
The alleged breach of a law enforcement system used by Coinbase and Binance has sparked conflicting responses. While the hacker claims to have accessed sensitive information, parties involved have differing opinions on the legitimacy and severity of the threat. Cybersecurity experts warn that selling access to law enforcement systems is a known risk. Binance denies any breach and assures users of their commitment to safeguarding data. Kodex refutes the hacker’s claims, emphasizing that access to their platform does not imply access to its functionality. The situation highlights the ongoing battle against cybercrime in the crypto industry.
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