Changpeng “CZ” Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, is denying claims that hackers gained access to private user information.
Zhao says the recent rumors circulating on social media about a know-your-customer (KYC) data leak on Binance are an attempt to spread FUD (fear, uncertainty, doubt), and that the exchange is investigating the matter.
The Binance security team states in a blog post that an unnamed individual has allegedly been “threatening and harassing” the exchange. The unidentified person(s) are demanding a Bitcoin ransom worth $3.6 million in exchange for 10,000 customer photos they claim they’ve obtained.
Currently, the Binance team is investigating the hacker’s claims for “legitimacy and relevancy.” The exchange’s management says that the individual has refused to cooperate and is distributing the data to the public and various news media outlets.