Polish Exchange Coinroom Suffers Domain-Level Breach, Takes Measures to Safeguard Users

The Polish exchange with over $2.4 million in daily volume that also serves as a crucial fiat portal for Eastern Europe reported a breach.

In an email sent out by Coinroom, we found out that the exchange has suffered a breach at the domain level, possibly allowing hackers to phish for coins from users trying to log into the platform.

The breach happened on August 10th and was announced yesterday. Allegedly no users have suffered any losses as a result of it. Coinroom took proactive measures to ensure that no account was compromised.

"Due to the breach of security procedures by the company administering the Coinroom.com domain, we would like to inform you that all user passwords have been reset for security purposes, so when trying to log in to the site, each user will be asked to set a new password," the company wrote in its announcement.

"We would also like to assure that the security issue that took place [on] August 10, 2018 affected only domain access, and the servers on which transactions and customer data are stored were not exposed in any way, because the suspected security breach was immediately detected by the system monitoring the entire infrastructure, automatically disabling all servers and securing all wallets,"

Coinroom is currently one of the most important discreet fiat-to-crypto gateways that Eastern Europeans use to purchase their coins, waiving the high fees sometimes involved in making purchases through credit cards by allowing people to send bank transfers.

There are other methods as well like Bitcoin ATMs and local payment portal machines for access to coins.

For those who feel comfortable with their banks knowing that they dabble in cryptocurrencies, Coinroom provides a crucial portal that allows local users to buy larger amounts of BTC and other coins—including Zcash.