Iranian Crypto Exchange Exposes Sensitive Data of Nearly 230,000 Users
Bit24.cash, a crypto exchange service in Iran, has accidentally exposed the
personal data of nearly 230,000 users. Reportedly, a lack of proper
configuration by the service led to the leakage of customer data, including
passports, user IDs, credit cards, and written consent to regulators.
Like other crypto exchanges, bit24.cash operates under Know Your Customer (KYC)
requirements. Although many argue that KYC practices oppose the very foundation
of crypto, which is widely based on anonymity, nu