A hacker made an attempt to steal the funds, on May 14, from the user account of a crypto trading platform BlockFi, but he failed. 

The review report <a href="https://blockfi.com/wp-content/uploads/2020/05/Incident-Report-05-14-20.pdf" target="_blank" rel="noopener">published</a> by the crypto trading platform, on May 18, explained that while making an attempt, the hacker took control over the phone number of BlockFi’s employee and for doing so he used the SIM swapping technique. After that, he changed the password of the employee’s email account. This helps the hacker gain access to employee’s personal account and official email account on BlockFi platform.
<h2>Hacker Remained On BlockFi For 86 Minutes</h2>
For around 86 minutes the hacker had access to the platform, during that time he made multiple attempts to steal the customer funds from the BlockFi platform but failed continuously.

In its report, BlockFi further mentioned, “Every action the unauthorized third party took with respect to our systems was logged, and BlockFi was able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information were exposed as a result of this incident”.

Although the hacker was not able to steal fund, it still found a way to get access to client information of BlockFi, which is used for retail marketing.
<h2>Hacker Get Access To BlockFi Client Information </h2>
The client information has some details like the name which has been recorded on the account, email address of the client, their date of birth, address and the history of their activity.

But the company claimed that the kind of information that has been leaked from the platform could not be a risk for the trading platform’s client or funds.

Now, the BlockFi has advised its users to implement multi-factor authentication solution to their accounts and also to activate a wallet whitelist.

The wallet whitelist feature would help the users to prevent their account from hackers. If the feature would be integrated on users’ account the hacker would not be able to transfer funds to some different accounts.

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Hacker Uses SIM Swapping To Hack Accounts On BlockFi, But Fails

A hacker made an attempt to steal the funds, on May 14, from the user account of a crypto trading platform BlockFi, but he failed.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Hacker Uses SIM Swapping To Hack Accounts On BlockFi, But Fails

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