Chinese hacker named ChinaDan sells 1 billion resident’s database for 10 Bitcoins on Dark Web
An unidentified hacker by the name of ChinaDan exploited a data breach earlier this year in China when he stole the records and data of 1 billion Chinese citizens. Names, phone numbers, email addresses, residences, dates of birth, identification numbers, criminal histories, and other pertinent information were stolen and saved. 23 Terabytes of information were obtained by the hacker in an unethical manner.
As a result of the break-in, the anonymous hacker posted an offer on Breached. to, a hacking site for blackhat hackers. These cybercriminals target computer networks with the purpose to do harm or profit from the situation. At least 10 Bitcoins are needed to cover ChinaDan’s demand for the data. Given that the price of one bitcoin is currently $19,577, ten of them are equivalent to about $200,000 in the current market. The demand is so great since the Shanghai National Police already had the data that the hacker was able to access.
There has been a minor uproar in the Chinese security industry due to the extent of the hack. Both the demand’s and the earlier attack’s validity have been questioned. The lack of public confirmation or response from Shanghai officials has significantly increased the already present uncertainty. Changpeng Zhao, CEO of Binance, stated that the hack had occurred. The CEO continued by saying that the trading platform had alerted the intelligence division after discovering 1 resident record being offered for sale on the Dark Web.
According to CZ, the records of the database leak came from “one Asian country,” and were probably the consequence of a mistake made by a government organization when using elastic search. According to Kenny Li, co-founder of Manta Network, a web3-based privacy protocol, the hack might have an impact on the cryptocurrency market. Using user data and phishing schemes, the hackers were able to get keys and gain unauthorized access to accounts on Crypto Exchanges.
The information leak, according to CZ, will make it more challenging for the regulatory agencies to identify the true offender. He asserted that Binance has already tightened the verification process for prospective victims in order to combat similar incidents, and he urged other platforms to follow suit.