Post
Topic
Board Altcoin Discussion
Re: Data safety on Centralized exchanges
by
bitmover
on 03/12/2020, 14:41:37 UTC
You still think that your data is save on Centralized exchanges? Think again, today australian crypto exchange accidentally expose users information, over 270,000 customers data is exposed, what kinda mistake is this anyways?

https://ia.acs.org.au/article/2020/australian-crypto-exchange-exposes-emails.html

Privacy is a problem which is getting bigger every day.

You should consider that EVERYTHING you send online is (or will be) public known. If you send your passport to an exchange to make KYC, it can leak to third parties in several ways:

-They can sell your data.
-They can share your data with their partners, who can do anything they want with it.
-They can be hacked, like ledger was.

You should really consider the risks when sending photos, comments, information about yourself, documents or anything personal online. Avoid as much as possible.

However, we are soemtimes obligated to identify ourselves and share our documents.