Ice Open Network has reported a security breach involving its identity database, attributed to insider misuse by four former partners of a third-party service provider. The breach, which occurred on April 15, exposed user data such as emails and 2FA phone numbers. The company clarified that this was not a system hack but rather an external server access issue, ensuring that funds remain safe and the core blockchain system is intact.
In response, Ice Open Network has filed complaints with the Information Commissioner’s Office and is pursuing legal action against those responsible. A technical migration is planned for April 21 to enhance security, though temporary disruptions on the Online+ platform are anticipated. This incident follows a significant price crash of the $ION token earlier in April, which the company attributed to a service provider's actions. Despite financial challenges, the company has implemented cost-cutting measures and is working towards a recovery plan.
Ice Open Network Faces Insider Breach, User Data Exposed
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