Coinmarketcap is one of the largest cryptocurrency tracking websites in the world and holds the data of millions of users.
The email addresses of more than three million Coinmarketcap users have been leaked and are currently sold on the Dark Web. This is according to a recent report by data security breach platform haveibeenpwned during the weekend.
According to the security website, 3.1 million addresses are now being sold on hacking forums. Coinmarketcap published a blog post within the week, stating that it is aware of the email breach and encouraged its users to secure their accounts with strong passwords.
Coinmarketcap said, “At this point in our investigation, we’ve come to the conclusion that the leak did not come from CoinMarketCap servers. As no passwords are included in the data we have seen, we believe that it is most likely sourced from another platform where users may have reused passwords across multiple sites.”
Coinmarketcap is currently one of the largest crypto tracking websites in the world. The website tracks the spot prices of over 10,000 cryptocurrencies, including Bitcoin, Ether, XRP, Solana and the other leading cryptos.
In addition to the spot prices of cryptocurrencies, Coinmarketcap also tracks the daily trading volume of centralised cryptocurrency exchanges such as Binance, Coinbase, Huobi, FTX and KuCoin. Coinmarketcap does the same thing for the decentralised trading platforms like Uniswap, Sushiswap, Pancakeswap and more.
The past few months have seen numerous cryptocurrency platforms suffer security breaches. However, most of the hacks have occurred within the decentralised finance (DeFi) space. DeFi platforms have lost hundreds of millions of dollars to hackers since the start of the year.
Despite the massive growth recorded by the DeFi space in the past year, more work needs to be done to ensure that the DeFi platforms provide stronger security to their users. The cryptocurrency space has grown to be a $2.5 trillion market, and as a result, hackers would be targeting crypto users now more than ever.