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eBusiness Life Magazine > Blog > NewsBytes > Data Breach in T-Mobile, As Hackers Stole $97m From Liquid Crypto
NewsBytes

Data Breach in T-Mobile, As Hackers Stole $97m From Liquid Crypto

ELadmin1
Last updated: 2021/08/23 at 8:20 PM
By ELadmin1
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Earlier last week, T-Mobile confirmed a data breach that affects at least 48 million people, a number that could still rise as the company continues its investigation.

The data set contains particularly sensitive information like social security numbers, driver’s license details, and reportedly even the unique IMEI numbers associated with each smartphone.

Not only that, but the vast majority of victims in the breach so far aren’t even T-Mobile customers; they’re instead former or prospective customers who at some point applied for credit with the carrier. A class action suit has already been filed although the arbitration clause in T-Mobile customer agreements may be a hurdle in the road to restitution.

Earlier, cryptocurrency theft took the centerstage with Poly Network, which saw a hacker abscond with over $610 million in various digital coins before ultimately returning most of it. Now it’s apparently Liquid’s turn.

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The Japanese cryptocurrency exchange said this week that its “warm” wallets—those connected to the internet, versus “cold” wallets, which are not—were compromised in a hack that resulted in about $97 million worth of bitcoin, ethereum, and other coins being stolen. Liquid said it moved some assets into cold wallets as a response, but the damage had been done.

ELadmin1 August 23, 2021 August 23, 2021
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