Hackers Places Ads for Gemini Customers’ Data on Different Platforms

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A report from BleepingComputers states that there are several posts on hackers’ forums that are claiming to be selling Gemini’s customers’ information including email addresses, phone numbers, and other personal details. The report indicated that approximately 5.7 million Gemini users have been exposed to cyber-attacks.

The report also hinted that Gemini’s customers’ database was first attempted to be sold in September when a hacker requested 30 Bitcoins which is now approximately $520,000.

It appears that the attempt to sell Gemini’s customers’ information has not been successful because another post was made in November by another account, which has since been restricted, claiming to have information about the same 5.7 million Gemini users.

The report comes shortly after the Gemini crypto exchange earlier revealed in a blog post that its users had been the targets of phishing scams after a threat actor gained their data from a third-party vendor. In the post, Gemini assured its users that their funds are still safe and secure.

Gemini, however, did not disclose the identity of the hacker and also didn’t specify the numbers of its customers that were exposed to the phishing attack.

Gemini Seeks to Recover Funds from Genesis

Gemini Trust Company announced that it is attempting to recoup the $900 million loan it made to cryptocurrency broker Genesis and its parent company, Digital Currency Group (DCG). According to the report, Gemini has now formed a creditors’ committee in order to recover the funds from Genesis and its parent company, DCG.

Genesis stated earlier that customers’ withdrawals were way above its cash flow and thus the firm placed a halt on its users’ lending withdrawals. The firm then ceased operations following its liquidity issues but claimed it had no intention of filing for bankruptcy. Genesis’ balance sheet revealed that the firm owes about a $2.8 million loan to its creditors.

So far, the exchange has collaborated with other creditors to create an ad hoc committee that is aimed at bringing resolutions that will be favorable to all creditors. The Creditor Committee has appointed Kirkland & Ellis as counsel to the firm for advocacy.

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