Bits of Gold Data Breach Exposes Customer Banking and ID Data

A data breach at a supporting analytics system has exposed the gap between custody security and customer-data security at crypto companies.

Israeli broker Bits of Gold said unauthorized access may have revealed identity, banking, contact, and public wallet information even though customer funds and private keys were not involved.

In an August 16 security notice, the company said it detected access to a data-analysis system during a broader cyber incident that affected other companies.

Bits of Gold blocked the access, disconnected the system from its information sources, notified relevant authorities, and hired a specialist incident-response firm.