Fractal ID Leaks Personal Information of 0.5% of Customers

IconCryptoNewsTerminal Staff17 Jul, 2024

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Fractal ID Leaks Personal Information of 0.5% of Customers

Fractal ID, a KYC (Know Your Customer) service provider, has experienced a data breach that exposed the personal information of approximately 0.5% of its one million customers, as reported by The Block, a prominent cryptocurrency news outlet. Gnosis Pay, a decentralized payment network, revealed that the leak occurred on Sunday, specifically impacting users who had shared their personal data for KYC verification with Fractal ID. Gnosis Pay safeguards personal information such as user names, addresses, and identification documents. Fractal ID offers compliance support to various crypto ventures and corporate clients, with its client roster including notable names like Polygon, Ripple, and Near. Given Fractal ID's extensive reach, the data breach has potentially far-reaching implications, posing privacy concerns for individuals who have used its services. The company has yet to publicly address the situation or provide details on the scope and nature of the breach.

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