Bits of Gold reported to have suffered data breach affecting 200,000 customers

A hacker has stolen the personal data of roughly 200,000 customers from Bits of Gold, Israel’s largest regulated cryptocurrency broker. The breach potentially compromises the platform’s entire user base, a serious blow for a company that built its reputation on regulatory compliance and security. For a firm that holds the distinction of being the first crypto company to receive a virtual asset service provider (VASP) license in Israel, this is the kind of headline that undoes years of careful brand-building in a single news cycle. What we know about the breach The attack targeted personal data belonging to Bits of Gold’s customer base. The company serves over 200,000 clients in Israel, meaning the breach could affect essentially every user on the platform. The specific types of personal information compromised have not been publicly detailed. Crypto brokers typically collect extensive identity documents under know-your-customer (KYC) regulations, which can include government-issued IDs, proof of address, and financial information. Bits of Gold has promoted security features including two-factor authentication and cold storage solutions for digital assets. But cold wallets protect c...