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Client Data Was Leaked In A Security Breach, According To Crypto Lender BlockFi

BlockFi, a cryptocurrency lending platform, announced on Saturday that an unauthorized third party had accessed some of its customer information. A “majority” of its clients’ personal information, including names, emails, and phone numbers, could have been accessed.

The breach occurred on Friday, according to BlockFi. It was caused by one of its third-party partners, Hubspot, a sales management software.

In a series of tweets, the firm underlined that its internal systems. As well as, more importantly, client funds, were unaffected.

The lender also stated that an investigation was ongoing to determine the full extent of the data breach’s impact.

Customers were also told by BlockFi to take no action on their end.

The breach is the another setback for the New Jersey-based firm, which was fined $100 million by the Securities and Exchange Commission (SEC) last month after an inquiry revealed that its high-yield products violated an investment act. The company was told to halt opening new high-yield accounts for Americans and to register its goods as securities, which is a first for cryptocurrency lenders.

BlockFi, in addition to the standard wallet and trading services, offers crypto loans and high-interest accounts for crypto deposits, the latter of which has been a source of disagreement with the SEC.

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