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Crypto Finance App Plutus Refuses Social Media Reports Of Being Hacked

Plutus, a crypto finance app, has refused the social media reports by Sixgill that its database was compromised by a hacking attack launched by alleged threat actors.

On July 9, it has been reported by an Israel-based threat intelligence firm, Sixgill that their official Twitter account stated that hackers have been sharing a database stolen from the crypto app since July 7, with no additional details revealed.

Sixgill is led by recognized social network analysis, cyber intelligence, enterprise security and SaaS experts: an experienced team with broad and multidisciplinary experience and a proven record. They have a team of world-class intelligence experts leveraging their vast experience gained in the Israeli cyber defense industry. Sixgill team also have a deep understanding of the complexities and intricacies of the Dark Web.

Threat actors are sharing a database for the banking app, Plutus, that allows you to manage your #fiat money and #crypto currencies. #darkerthingsdaily #cryptocurrency #bitcoin #cybersecurity #cyberthreats #databreach #hackers @plutus — Sixgill (@CyberSixgill) July 9, 2020

Plutus is a secure crypto-friendly finance app. Founded in 2015 by serial entrepreneur, Danial Daychopan, Plutus is now used by thousands across Europe and have a team of highly skilled professionals are continuing to rapidly grow the product.

A representative from Plutus stated to Cointelegraph that:

“We have investigated several possible attack vectors and not found any evidence of hacking. We want to reassure our customers that there is no risk of losing either their fiat or crypto balances. Our services are non-custodial by design which removes the possibility of company hacks having any impact on customer assets. So far, we have not found any evidence to suggest a successful hacking attempt.”

However, according to the screenshot published by Sixgill, the alleged attackers uploaded the information of 1205 to an unidentified website, together with “bcrypt” passwords, as these are related to the password used by the Plutus’ users to access their wallets through the site.

London-based crypto finance app and startup denied claims from cybersecurity firm that its database was hacked — Cointelegraph (@Cointelegraph) July 10, 2020

Plutus​ recently announced that it started offering rewards through its debit card when users shop Nike’s online store. Thus, by doing so unlocks up to 3% in crypto and 9% cash rewards for those purchases.



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