In recent developments, the crypto exchange giant, Binance, has denied claims that 12.8 million of its users’ data was leaked. Notably, the leaked data contained users’ names, phone numbers, email addresses, home addresses, zip codes and birthdays.

According to Daily Dark Web, a “threat actor” allegedly breached Binance’s security in August 2024 and stole the sensitive details of millions of Binance users. In addition, the shadowy character made plans to sell the leaked data of the 12.8 million users on Binance.

As stated by Daily Dark Web, “The threat actor has indicated that the dataset is available for purchase, either in parts or as a whole, and has invited interested buyers to initiate contact via Telegram.” This all happened in August 2024.

Binance Denies Claims of the 12.8 Million Users Data Leaked

While replying to Decrypt most recently, Binance denied these claims, stating clearly that it was a ruse. “This is false. Our security team has looked into the claims and we can confirm that this is not a Binance data leak,” said the exchange platform.

Other top security experts also affirmed that such a breach was unlikely due to Binance’s sophisticated layers of protection. With such security protocols on the platform, the data leak claim points to a scam.

So, Binance users can be rest assured that their sensitive details are not in the possession of players on the Dark Web or about to be sold off to the highest bidder. However, this “threat” calls for increased vigilance to protect their assets on the platform.

As highlighted by cybersecurity experts on Decrypt, “Such incidents, even if fake, often precede phishing campaigns and account takeover scams.” So, users must take extra precautionary measures to safeguard their assets, whether scams or not. Most importantly, enabling multi-factor authentication if they have not already done so.