Crypto exchange Poloniex admits data breach

US-based platform urges customers to change passwords after leaked list appears on Twitter

                                

US-based cryptocurrency exchange Poloniex has urged customers to reset their passwords after some emails and passwords were leaked from its database.

According to a Poloniex email sent to users on December 30, a list of emails and passwords had appeared on Twitter and could be used to log in to the company's accounts. The exchange insisted that the passwords be changed immediately.

The customer who revealed the leak on Twitter initially thought the Poloniex email was a scam. However the company confirmed that the leak was real. "This is a real email! Please reset your password for account security," a representative wrote.

It is not immediately clear how many users are affected by the leak and how many of the leaked addresses and passwords belong to Poloniex users.

However, one of the crypto-related channels in messenger app Telegram claimed that some traders could not access their Poloniex accounts using the old passwords.

Poloniex was acquired by a group of Asia-based entrepreneurs led by TRON founder Justin Sun in November 2019. It previously belonged to bitcoin startup Circle.

FURTHER READING: TRON founder Justin Sun pledges $1m to Greta Thunberg

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