Rich clients could be extorted after BlockFi breach

BlockFi disclosed a data breach that potentially leaked the physical addresses and account activity of its customers, highlighting the risks of KYC finance platforms. Crypto lending provider BlockFi reported on Tuesday that it suffered a data breach that may put some of its clients in physical danger. According to its incident report, some of the company’s client data was breached through a SIM card swap attack performed on one of its employees. The attackers successfully stole the email account and phone number used for the employee’s account verification procedure, which allowed them to access BlockFi’s records.

Source: Cointelegraph