Coin Cloud Bitcoin ATM Company Faces Massive Data Breach

Approximately 300,000 customers’ confidential information allegedly went missing from Coin Cloud, a Bitcoin ATM company, according to an anonymous group of hackers, as reported by the alias Vx-underground on X (previously Twitter).

In addition to confidential information, the hacker group asserts that it obtained 70,000 selfie verification records of customers.

The hackers according to Vx-underground, assert that they obtained information from the company including social security numbers, vocations, and physical addresses.

The hackers allegedly possess the personal information of users from Brazil and the United States as well. In addition, the cyber group purportedly asserted that they had obtained the source code for the backend of Coin Cloud.

The organization has not yet issued an official statement concerning the breach as of the date of writing. The operator of token ATMs declared bankruptcy earlier this year.

Coin Cloud declared its intent to file for Chapter 11 reorganization in a bankruptcy court in the United States on February 8.

As stated by Chris McAlary, the organization’s president and CEO, the resolution will enable them to renegotiate their debt and safeguard the creditors’ interests.

According to a filing dated February 7, the organization possessed liabilities ranging from $100 million to $500 million, whereas its assets fell within the range of $50 million to $100 million.