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Bitcoin [BTC] arbitrage trading platform Atlas Quantum breached, 261000 users’ data leaked

Anirudh VK

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Bitcoin [BTC] arbitrage trading platform Atlas Quantum breached, 261,000 users' data leaked
Source: Unsplash

One of Brazil’s cryptocurrency trading platforms, Atlas Quantum, was recently subject to an information breach that revealed the names, phone numbers, account balances and email addresses of its user base. Close to 261,000 customers were affected, leading to concerns about the compromise of personal information.

Atlas Quantum is a platform that automates arbitrage trading to allow users to make profits off-market movements of Bitcoin [BTC]. Following the breach, the exchange made it clear that none of the users’ funds were compromised.

There have been multiple reports of kidnappings occurring due to individuals holding Bitcoin in Brazil. The breach further exacerbates the worries that the customers of the exchange already faced due to trading Bitcoin.

The users’ data was compromised and posted on Pastebin, along with a copy of the data being sent to data breach website Have I Been Pwned. The website then posted the notification of the breach on Twitter, where they stated that 24% of the addresses were already in their database. They said:

“New breach: The Atlas Quantum cryptocurrency investment platform had 261k names, phone numbers, email addresses and account balances exposed. 24% were already in @haveibeenpwned.”

In a post on Facebook, they gave a clear picture of what had occurred, along with stating that some features of the platform have been disabled temporarily. Rodrigo Marques, the Founder, and CEO of the platform, stated [trans.]:



“We are conducting an investigation with our information security advisor to understand the incident in more detail and we will cooperate with the appropriate authorities…this is not a steal of bitcoins in custody or violation of our accounts in the exchange.”

The exchange also said in a statement to the local press that they were not sure if the breach was an inside job or an invasion. They also said that the leaked list does not contain information such as passwords or any information that can be used for login. This is a ray of hope for customers of the platform, as the breach shows that the platform had around 5800 Bitcoin in its possession. At current market prices, this comes up to around $38.9 million, which would have made a hack a high-profile one.

Marques, however, stated that funds were saved due to timely action. He said:

“At the time of the incident, we took immediate steps to protect the database and passwords and private keys remain encrypted. We are monitoring the affected accounts and working to have additional protection against fraud.”





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Analysis

Bitcoin [BTC]: King coin’s Golden Cross confirmed; Greenspan hints at bullish market

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Bitcoin [BTC]: King coin’s Golden Cross confirmed; Greenspan hints at bullish market
Source: Pixabay

Bitcoin’s much-awaited Golden Cross, which many analysts claimed will lead to a resurgence of a bullish market, has been confirmed. The intersection of the 200-day moving average and 50-day moving average, which indicates the Golden Cross, was achieved over the past few hours.

Earlier today, the top cryptocurrency saw a massive rise after days of sideways movement. Bitcoin’s ascendance saw it break the $5,350 resistance level, which eToro’s Mati Greenspan had previously suggested will consolidate “buying pressure.”

Source: TradingView

Additionally, a major psychological level of $5,500 was also surpassed less than three weeks after Bitcoin broke the $5,000 mark.

The Golden Cross theory holds credibility among analysts in the cryptocurrency realm as it infers that the coin’s average price is above its 200-day equivalent. For the first time in over a year, the cryptocurrency market has seen its 50-day MA move above the 200-day MA, which according to many is a sign of a bullish market.

On the opposing side of the Golden Cross indicator is the Death Cross, where two indicators cross over into a bearish market i.e. the 200-day MA moves above the 50-day MA. The Death Cross manifested in April 2018, after the prices went into a free fall following the December 2017 high.

In April 2018, BTC was priced at just over $7,000, following which it lost more than 50 percent of its price by the end of the year. The price of the king coin has recovered exceedingly well in 2019 however, winning back almost 50 percent of its lost value.

Many analysts, including Greenspan, agree that the crossing of the two moving averages is a clear testament to the return of the bull market. Although he didn’t quite use those words, Greenspan tweeted,

“Ladies & Gents… The Golden Cross!
Bitcoin’s 50-day moving average (gold) crossing above her 200-day moving average (blue). 📈
This is yet another sign that we’re back in a🐂market. 🚀🌛”

However, in an exclusive interview with AMBCrypto last week, Greenspan had stated that the Golden Cross theory is a “lagging indicator,” as the Death Cross was last seen in April 2018, months after the market took a bearish turn.



In his view, the 200-day moving average is the key indicator. On April 2, Bitcoin broke this mark for the first time since March 2018, by recording a massive 17 percent daily gain and rising above $5,000.

Based on historic price changes with reference to the Golden Cross, the last time the 50-day MA soared above the 200-day MA, price of Bitcoin rose by over 8000 percent from $246 in October 2015 to almost $20,000 in December 2017. Given past market movements, the current market scenario, and the optimism in the air, the Golden Cross may just have initiated the Bitcoin bull market.





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