Zhao Changpeng, founder and CEO of Binance, tweeted that the company had detected the breach “from an Asian country”, without specifying which one, and had since increased verification procedures for potentially affected users.
Representatives of the city police and the Cyberspace Administration of China have made no official statement.
However, national violations are rarely revealed due to a lack of transparent reporting mechanisms. In 2016, the personal information of dozens of Communist Party officials and industry figures, from Jack Ma to Wang Jianlin, was said to have been exposed on Twitter, in one of the country’s largest online leaks of sensitive information at the time. .
In 2020, Weibo Corp, a social network much like Twitter, said that hackers claimed to have stolen the account information of more than 538 million of its users, although sensitive data such as passwords were not leaked.
It is unclear how the suspected cyber attackers gained access to the Shanghai police servers. A popular theory circulating online among cybersecurity experts was that the breach involved a third-party cloud infrastructure partner.
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