Binance Denies Alleged 335 Million User Data Breach Claim
Binance stated an alleged breach involving 335 million user records is likely a scam, citing internal data inconsistencies and a lack of evidence of system compromise.
Binance has refuted claims that hackers stole 335 million user records from its platform, stating its preliminary investigation suggests the advertised dataset is likely a scam. The threat actor, identified as ShinyHunters, demanded $900,000 in Bitcoin or Monero for a dataset it claimed contained user credentials, identity documents, transaction histories, and private keys.
Discrepancies in Alleged Breach Data
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According to CryptoNews, a Binance spokesperson confirmed the exchange is actively investigating allegations shared on a hacking forum and X, but initial reviews found no evidence of compromised systems or customer data. Binance highlighted key inconsistencies in the listing, including claims of plaintext account passwords. The exchange noted it does not store passwords in plaintext, nor does it hold private keys for users' external wallets. Furthermore, the dataset claimed to cover jurisdictions where Binance no longer operates. Binance suggested similar past listings frequently stemmed from infostealer malware on users' individual devices rather than internal breaches.
Recent Security Context
Cybersecurity monitoring account ThreatMon reported that ShinyHunters claimed to hold 335,900,000 lines of data across approximately 170 countries. The allegations follow a separate, confirmed October 29 security incident where attackers stole approximately $6.34 billion from Binance hot wallets via compromised employee devices. Binance subsequently froze or intercepted about $2.85 billion of those funds and covered customer losses with corporate reserves.
Key facts
- Binance disputed a ShinyHunters forum listing claiming 335 million stolen user records across 170 countries.
- The threat actor demanded $900,000 in Bitcoin or Monero to withhold the dataset.
- Binance cited structural inconsistencies, including stored plaintext passwords and external wallet private keys.
- No evidence of breached internal infrastructure or exposed customer data was found during preliminary reviews.
Source: crypto.news
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