Gemini Exchange Suffers Data Breach

US cryptocurrency exchange Gemini has revealed a significant data breach that has impacted thousands of its customers. This breach, which occurred between June 3 and June 7, 2024, has raised concerns about the security of personal and banking information.

Details of the Breach

The breach was a result of unauthorized access to an internal tool of Gemini’s banking partner. This unauthorized access potentially exposed sensitive information such as customers’ names, bank account numbers, and routing numbers. Approximately 15,000 customers were notified about the breach.

Gemini’s Response

Gemini has assured its customers that no other sensitive information or its systems were compromised. The company has taken steps to contain the incident and is working with external experts to investigate the breach. Despite the potential exposure of sensitive information, Gemini has found no evidence of customer impact at this time.

Advice for Affected Customers

Gemini has advised affected customers to monitor their bank accounts closely for any unusual activity. The company also recommends considering enhanced security measures, such as changing passwords and enabling two-factor authentication, to protect their accounts.

Previous Breaches

This is not the first time Gemini has faced a data breach. In 2022, the company experienced a breach that affected the email addresses and partial phone numbers of millions of customers. This history of breaches highlights the ongoing challenges that cryptocurrency exchanges face in securing their platforms and protecting customer data.

Conclusion

While Gemini has taken steps to address the recent breach and protect its customers, the incident serves as a reminder of the importance of robust security measures in the cryptocurrency industry. Customers are encouraged to remain vigilant and take proactive steps to safeguard their personal and financial information.