🚨 MAJOR BREACH: Japan's GMO Internet Group got rekt by hackers
26,739+ servers compromised. Hackers used stolen login creds to execute unauthorized trades across 70+ brokerages.
Ransom demand: $50M
GMO's response: Hard no. Paying doesn't guarantee data deletion or prevent misuse.
Timeline:
- Oct 27: Ransomware deadline threat
- Oct 26: Japan PM called emergency cybersecurity meeting
- GMO told customers to disconnect/shutdown PCs immediately
Compensation:
¥5,000 per affected customer + verified trading losses covered
This is why self-custody matters. Centralized platforms = single point of failure. Your keys, your crypto. Their servers, their liability.
Stay vigilant out there 🛡️
26,739+ servers compromised. Hackers used stolen login creds to execute unauthorized trades across 70+ brokerages.
Ransom demand: $50M
GMO's response: Hard no. Paying doesn't guarantee data deletion or prevent misuse.
Timeline:
- Oct 27: Ransomware deadline threat
- Oct 26: Japan PM called emergency cybersecurity meeting
- GMO told customers to disconnect/shutdown PCs immediately
Compensation:
¥5,000 per affected customer + verified trading losses covered
This is why self-custody matters. Centralized platforms = single point of failure. Your keys, your crypto. Their servers, their liability.
Stay vigilant out there 🛡️
