However, BuyuCoin initially denied that its platform has been hacked and argued that the data dump available on the dark web included fake account details. The Indian cryptocurrency platform claimed that the report was just a “rumor” and claimed that “not even a single customer was affected.”
Rajahria pointed out that the data breach occurred last September, The hacking group not only stole users’ information but also had access to admin credentials. He slammed BuyUCoin’s initial response as “irresponsible” and demanded the company to inform its users about the data breach.
https://t.co/TNK1uXQKDL
Such an irresponsible statements by @buyucoin. I am your registered and #KYC Verified user. You leaked my own data too. Please change your statement ASAP. What if someone used my account in any illegal activity. Please Inform your users Right Now. #InfoSec pic.twitter.com/dJGN5VesEH— Rajshekhar Rajaharia (@rajaharia) January 21, 2021
BuyUCoin eventually released an official statement indicating that it is conducting a thorough investigation into the data breach rumors.
