Nansen Cryptocurrency Firm Reports Security Breach Impacting 6.8% of Users
Summary:
Nansen, a significant cryptocurrency and blockchain analysis company, recently announced that a security breach experienced by one of its third-party vendors impacted 6.8% of its users. The breach enabled hackers to gain administrative access to an account used for providing customer access to Nansen's platform. Effected users had their email addresses, some password hashes and a few blockchain addresses exposed, although wallet funds were not impacted. Following the incident, Nansen is urging all users to change their passwords.
A leading figure in the field of cryptocurrency and blockchain analysis, Nansen, has announced on social platform X that a security breach suffered by one of its third-party suppliers has impacted 6.8% of its customer base. The breach reportedly allowed cyber criminals administrative access to an account responsible for providing customers with access to Nansen's services.
In its announcement, Nansen did not directly name the third-party vendor involved but did describe it as 'a reputable entity servicing multiple Fortune 500 organizations', along with other companies in the sector for managing data. The unfortunate situation resulted in the exposure of user email addresses and some password hashes. A small percentage also had their blockchain addresses compromised.
Nansen, meanwhile, has been proactive in addressing the problem and alerting its affected users, urging them to change their passwords. Additionally, the entity confirmed that there was no impact on the wallet funds of its users due to the incident.
Nansen, regarded as an authoritative source of on-chain analytics for many major players in the industry, has underlined the need for striking a balance between blockchain transparency and user privacy that adheres to regulatory requirements. This assertion was made by Alex Svanevik, Nansen's CEO, in his recent interaction with Cointelegraph.
Earlier in the year, Nansen was among several companies in the sector to experience the impact of a persistent bear market, that resulted in the termination of approximately 30% of their workforce.
Published At
9/22/2023 12:03:41 PM
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