The Digital Trust Ecosystem

bd69A d3f

< Back

The Digital Trust Ecosystem

Why Security Infrastructure of Crypto Space Needs A Serious Upgrade

Why Security Infrastructure of Crypto Space Needs A Serious Upgrade

Aug 22, 2019

Coinbase, one of the major crypto exchanges, disclosed a potential vulnerability for around 3500 customer passwords that were stored in plain text in logs on their internal server, as it was said in their blog post earlier this week. This issue proves there is no confidence that crypto projects can control user data, despite the official announcements that stored data was not “misused or compromised”. Any logs should contain plain text user passwords. Any developers should be able to track it. Such leaks may be particularly crucial in crypto world due to it’s thirst for independency from emails and phone numbers, when your wallet or account can’t be restored.

Read the full article on HyperSphere blog on Medium.