Indian Crypto Exchange BuyUCoin Suffers Data Breach, 325K Users Affected

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The Indian cryptocurrency exchange wrote, “We are thoroughly investigating each and every aspect of the report about malicious and unlawful cybercrime by foreign entities in mid-2020.” 

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“Every BuyUcoin user with active portfolios has 3FA enabled trading accounts. All our user’s portfolio assets are safe and sound within a secure environment. 95% of user’s funds are kept in cold storage, inaccessible to any server breach,” the company added.

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