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Massive Hack Attempt On Brazil’s Atlas Exchange

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Hackers target the Brazilian Atlas.

Nefarious hackers attacked Atlas, a well-known Brazilian cryptocurrency investment platform. As a result, an unknown party leaked more than 264,000 users’ personal data. However, the company users’ funds are allegedly safe at the time of this reporting.

Investimentos Digitais (Digital Investments), a YouTube channel, first reported the security breach. At present, the crypto platform has about 14,500 registered users’ records containing their email IDs, names, as well as phone numbers. The leaked data shows that the deposits on the platform amount to 5,813 bitcoins (BTC), which equals to about $39M USD.

Portal do Bitcoin, one of Atlas’ users with more than 2 BTC deposits, confirms the report as authentic. The CEO of Stratum coinBR, Rocelo Lopes, who manages a crypto service platform, has also confirmed the hack. Atlas itself holds 792 BTC on the platform.

Admitting the incident in a statement, Atlas affirms that it is going to instigate an investigation into the occurrence. Alongside their own investigation, the platform will also work with the appropriate authorities.

Atlas Elaborates

“We would like to point out that this wasn’t a Bitcoin theft or a violation of our accounts in the exchanges. However, our customer base was exposed. At the time of the incident, we took immediate steps to protect the database and [the] passwords and private keys are encrypted.”

With reference to the security violation, Atlas’ operators say:

“We became aware early on Saturday night that a security incident involving the leakage of data from our customers occurred. We are conducting an investigation with our information security advisor to understand the incident in more detail and we will cooperate with the appropriate authorities.”

Furthermore, Atlas remarks that the company would be following new security standards. Users will receive no email about their data in the next few hours. According to reports, for “safety reasons” presently no one can withdraw from their accounts.

An ‘Arbitrage’ Investment Platform

Atlas is a rather contentious company in Brazil. Its major product, Atlas Quantum, allows users to effortlessly invest in the cryptocurrency ecosystem. As a result, they can also easily earn from their investments. This, the company claims, are opportunities deriving from arbitrage.

Atlas Quantum apparently has a bot capitalizing on arbitrage opportunities across different cryptocurrency exchanges. As a result, when users deposit on the platform they will be able to view their balance develop on a regular basis. This is possible even under bearish market conditions.

 

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