Massive leakage of 16 billion login credentials has skyrocketed security risks for cryptocurrency holders

On June 19, according to reports, over 16 billion login credentials from major online service providers such as Apple, Google, and Facebook were leaked. This massive data breach could have serious consequences for Crypto Assets holders. Login credentials refer to usernames and passwords (or other verification information).

According to a report released on Friday, the Cybernews research team reviewed “30 leaked datasets, each containing tens of millions to over 3.5 billion records.” These data totaled an “astonishing 16 billion leaked login credentials.”

According to the report, “with the exception of a ‘mysterious database’ containing 184 million records, which has been reported, the rest of the datasets have not been made public before.” Most databases contain an average of about 550 million records, and the smallest datasets have more than 16 million records.

Cybernews warns that this data could serve as the “basis for large-scale attacks,” providing attackers with “fresh and weaponizable intelligence.” It is claimed that most data breaches stem from unprotected Elasticsearch instances or object storage services.