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Binance Faces Controversy as Alleged KYC Data Leak Surfaces on Dark Web

source-logo  cryptoknowmics.com 05 February 2024 13:00, UTC

Controversy Unfolds:

Binance, the world's leading cryptocurrency exchange, has found itself amidst controversy as unverified reports on social media platform X suggest that Know Your Customer (KYC) information of its users is available for sale on the dark web. The alleged data leak, purportedly stemming from a Github hack, has raised concerns about the security of user information on the platform.

Binance Responds and Reassures:

[embed]https://twitter.com/otteroooo/status/1754172101450432983[/embed] In response to the circulating rumors, the official Customer Support department of Binance took to social media to address the situation. A tweet from the official account reassured users that their safety is a top priority, aiming to quell concerns about the alleged data breach. Despite these reassurances, the crypto community remains vigilant, seeking further details on the extent and validity of the reported KYC leak.

RONIN Listing Amidst Controversy:

Amidst the unfolding controversy, Binance made a significant announcement regarding the listing of the altcoin RONIN. The exchange revealed plans to list RONIN and initiate trading for several spot trading pairs, including RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY. While users are already permitted to make deposits, withdrawals are scheduled to open at 13:30 UTC on the following day.

Market Reaction to RONIN Listing:

Interestingly, the market responded to the RONIN listing with a notable price decline. RONIN's value experienced a 9% drop on the day of the announcement, adding an additional layer of intrigue to Binance's recent developments. The correlation between the controversy surrounding the alleged data leak and the coin's market performance remains speculative.

cryptoknowmics.com