French authorities investigate data breach of crypto tax platform

A local news outlet reported that a hacking group called the Shiny Hunters sent ransom demands to Waltio after seizing personal data from about 50,000 users.

Authorities in France have started a preliminary investigation into a breach of cryptocurrency tax platform Waltio that could have compromised users’ personal data.

According to a Thursday notice by French cybersecurity authorities, the Paris Public Prosecutor's Office and the country’s National Cyber ​​Unit were investigating the nature of the stolen data and identities of Waltio users. The notice warned that users affected by the breach could be targeted in an attempt to move their digital assets under the guise of legitimate security concerns.

According to a Friday report from Le Parisien, a group of hackers called the Shiny Hunters sent a ransom demand to Waltio following the attack. The hackers obtained personal data from about 50,000 Waltio users, the majority of whom were based in France.

Read more