Security· ★★★· bearish·

BasedApp breach links customer names to wallets amid HMRC data powers fight

  • —Stolen records include names, birth dates, addresses, passport data and wallet addresses
  • —BasedApp raised $11.5 million in a Series A led by Pantera Capital
  • —The company has not disclosed how many users were affected or whether funds moved
  • —HMRC's draft bill would allow compulsory data demands without tribunal sign-off or appeal
Why it matters: The breach bolsters critics of HMRC's expanded powers, as linking names to wallet addresses raises the risk of targeted attacks on crypto holders.
Source: Cryptopolitan
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