“An unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data,” said Binance in an official statement.
Binance also said that the company has refused the payment and is still investigating the attack, but several photos of people holding their identity cards are rumored to be floating over several online channels. The attacker allegedly created a Telegram group, which has already shared more than 400 images of people holding passports and identity documents from several nations around the world including the United States, Japan, Russia, France, and other nations around the world.
The images appear to be dated February 2018 when Binance had outsourced work to a third party vendor due to high volume. “Currently, we are investigating with the third-party vendor for more information. We are continuing to investigate and will keep you informed,” the company stated. “The relevant law enforcement agencies have been contacted, and we will be working closely with them to pursue this person.”
The exchange is also offering a reward of 25 bitcoins (over $290,000) to anyone who can provide information regarding the attacker’s identity.