Brazilian Crypto Investment Platform Atlas Quantum Hacked, Data Of 264,000 Users Leaked

Atlas Quantum, Brazilian crypto investment platform has been hacked and the data of more than 264,000 of its customers has been leaked. The data includes names, the amount of Bitcoins customers own, telephone numbers and the email addresses of all 264,000. Atlas Quantum is an investment and cryptocurrency trading platform that enables people to include bitcoin to their accounts. Clients can also use it for buying and selling on different cryptocurrency trading platforms. The company has more than 100 employees and manages more than $30 million in assets.

This leak was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. According to the channel, there are 14,500 registered users whose data was leaked. It includes balances on the platform, their email addresses, names, and phone numbers. The leaked data displays there are 5,813 BTC (about $39 million) deposited on the platform.

In a Facebook post, Atlas Quantum said that they will now start an investigation with their information security consultant to understand the hacking incident in more detail and will cooperate with the appropriate authorities.

Atlas said,

We became aware early on Saturday night that a security incident involving the leakage of data from our customers occurred. We are conducting an investigation with our information security advisor to understand the incident in more detail and we will cooperate with the appropriate authorities.

Company further added that, although hackers managed to leak user data, no funds were stolen. When Atlas Quantum found the leak, it tried to secure the database from further attacks.  Some of the platform’s functions were temporarily disabled after the hacking incident.

According to Brazilian news website Portal do Bitcoin, one of Atlas’ users who had deposited more than 2 BTC, confirmed that the data is real. Among those whose information got leaked are Rocelo Lopes, the CEO of Stratum coinBR, a crypto services platform. Atlas itself had 792 BTC.

Atlas further explained that,

We would like to point out that this is not a steal of bitcoins in custody or violation of our accounts in the exchanges. However, our customer base was exposed. At the time of the incident, we took immediate steps to protect the database and passwords and private keys remain encrypted.

According to company’s website, it continuously invests in technology like information security and that is why its security solutions are of the same quality standard or even better than those adopted by others large financial institutions. After this incident, company’s security policy is in trouble.

In it’s FB post, company also stated that,

We are monitoring the affected accounts and working to have additional protection against fraud. Some features of the platform have been temporarily disabled, as a precaution, since we need to ensure security. We will notify you when they are reactivated. We ask for understanding to our customers and community. We are fully available, 24 hours, in our service channels.

According to CCN, an anonymous source has disclosed that the company is controversial in Brazil and some people believe that it is actually running a Ponzi scheme. Through its supposed arbitrage bot, it promises a 3% monthly return on investments. The platform’s “arbitrage bot” scheme is somewhat similar to Bitconnect’s “trading bot” story.

Bitconnect was a well-known cryptocurrency investing and lending platform believed to be a Ponzi scheme. When Bitconnect (BCC) launched their ICO in late of 2016, they earned huge amount of attention from the crypto world. After quickly rising to $1 at the start of 2017, the firm then skyrocketed up to nearly $286 in early November the same year. Along the way, however, the company was also the center of much controversy.

Few days ago, the main accused in the multi-billion dollar Bitconnect case — Divyesh Darji, the Asia head of the UK-based crypto company  was arrested by Indian police. He has been accused of siphoning off millions or potentially even billions after luring people to invest their crypto in his company, Bitconnect, which had its headquarters in Surat, India.

In July, Cryptocurrency exchange Bancor had also suffered such ‘security breach,’ theft of $13.5 million worth of digital tokens. Israeli company founded in 2017 said a cryptocurrency wallet on its network had been breached and $12.5 million worth of ethereum and $1 million worth token Pundi X have been stolen. The company had said that “no user wallets have been compromised in the attack.” At that time company had assured its clients that their wallet and funds are always safe, secure and under their possession on the blockchain at all times. Bancor was founded in 2017 and became popular after raising $153 mln in ETH in three hours during its Initial Coin Offering (ICO).

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