Binance urges users to double-check their accounts after BitMEX scandal

The cryptocurrency industry has been hit with massive scandals ever since its inception and the latest BitMex email leak has led other organizations to run helter-skelter in terms of securing their data. Binance, the world’s largest cryptocurrency was also one of the companies out to ensure their data safety.

The Changpeng Zhao led cryptocurrency exchange had tweeted:

“⚠️We are aware of a large-scale user email leak from another exchange.⚠️

If you are one of the affected users and you also have a Binance account under the same email address, we recommend changing your email immediately using the below steps.”

Binance stated that there were two methods to change the setting if a user’s account met two requirements. The accounts have to enable 2-factor authentication and that the users have not lost his/her access to their respective accounts. Binance’s official blog stated:

“If you have lost access to your Binance account, please submit a ticket and our customer representatives will help you as soon as possible.

Please refer to the guidance below for how to change the email registered to your Binance account:

After you log in to your Binance account, please go to the 【User center】tab, then click【Settings】-【Change Email】.”

The controversy also resulted in other users promoting their cryptocurrencies with Andry Race, a member of the DigiByte Awareness team stating that such issues were totally preventable. The reason why all the exchanges were informing their users about their safety was that there was a massive email address leak on Bitmex. Jake Chervinsky, a well-known lawyer in the crypto-space, opined on the issue by stating,

“BitMEX just doxxed its users in the most outrageously incompetent way imaginable: forgetting to use blind copy on mass email. Someone must be cleaning out their desk already.“

The issue was caught when a user who received a mail spotted that all other email addresses to other users were also visible in the address section in the mail.

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