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ID:

paybito-407

Date:

Status:

Incident Count:

February 3, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Blackmail

Extended Method:

stolen customer email and weak passwords, LockBit ransom gang

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Days in Operation:

0

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The LockBit ransom gang claimed Paybito exchange and stolen its data including a database with 100,000 customers’ information.

It further claimed that the stolen records have email addresses and a “weak hash algorithm” referring to a password algorithm that can be easily decrypted into cleartext format. Additionally, the alleged data includes the personal data of the exchange’s administrators.

It is worth noting that the PayBito exchange offers buying, selling, and trading of Bitcoin, Ether, Bitcoin Cash, Litecoin, and several other cryptocurrencies. The exchange is managed by HashCash, a Palo Alto, California-based global blockchain and IT services company.

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