Hackers Claim To Have Compromised Bankrupt Bitcoin ATM Firm Coin Cloud

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Today’s Cryptocurrency Headline

An unidentified hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a Bitcoin ATM firm which operated over 4,000 machines in the U.S. and Brazil until its bankruptcy filing this February. The hacking group also claims to have stolen the source code to Coin Cloud’s backend system, according to a post on X from cybersecurity expert vx-underground.The post includes redacted images, purportedly depicting the customer selfies and personal identifying information the group has accessed, which includes the Social Security numbers of customers along with their name, address, date of birth, occupation, phone number, and more, according to the report. Vx-underground told The Block that the unidentified hacker was sharing the claims in private channels and that the leaked database may be posted online soon. Coin Cloud could not immediately be reached for comment. Coin Cloud filed for bankruptcy in February following “business difficulties and legal problems” resulted in losses of $40 million over the first nine months of 2022, its former CEO told the Wall Street Journal. 

BingX’s Bitcoin Chart

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Bitcoin is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of 2024. Additionally, the halving will reduce the supply by half. Saylor expects both these events will cause the price “to adjust up.” With almost a general consensus that Bitcoin’s price will move higher in 2024, analysts are busy projecting how high the rally could reach. Using its Terminal Price on-chain indicator.As reported, the mood among the institutional sphere is lightening as the ETF debate looks increasingly set to end in Bitcoin’s favor.Among the latest optimistic BTC price forecasts is that of AllianceBernstein, which last week predicted a peak of $150,000 next cycle.The support level is at $36,700 and the resistance level is at $37,600.

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