Binance denies data breach after alleged ShinyHunters claims

Binance, the world's largest crypto exchange, has denied claims of a new security breach made by a threat actor using the 'ShinyHunters' handle on a newly emerged underground cybercrime forum.

This follows the threat actor, believed to impersonate the ShinyHunters extortion gang, putting up for sale what they claimed were records of 335 million Binance users.

The allegedly stolen information includes Know Your Customer (KYC) documents, internal infrastructure information, users' account passwords, crypto wallet private keys, transaction history, emails, and phone numbers.

The threat actor also asked for $900,000 for the data, adding that Binance has only "two options left: pay or leak."

​However, a Binance spokesperson told BleepingComputer that the company found no evidence of a breach and said that this is likely a scam.