Bitcoin payment service provider BitPay is investigating a series of unauthorized charges following multiple reports from the community concerning a potential security breach.
On Oct. 24, Twitter user MrKristof posted a warning message alleging that multiple BitPay customers had experienced fraudulent charges to their accounts originating in California.
If you hold a @bitpay card CHECK YOUR BALANCES NOW! Myself and 4 other Bitpay card holders that I know have all had fraudulent charges from California. I think its possible @bitpay has had a serious security breach that they have NOT DISCLOSED yet.— MrKristof (@mr_kristof007) October 24, 2019
BitPay’s official Twitter account was quick to respond to the situation, replying that the payment processor had received a “handful” of similar reports over the past week and was investigating the situation.
In the past few days, we've received a handful of reports like yours + have informed the card program manager. As you probably know, BitPay does not manage or hold card numbers, so right now we are awaiting further details. We will update you + any impacted customer ASAP.— BitPay (@BitPay) October 24, 2019
However, multiple members of the crypto community came forth to share their similar experience of fraudulent charges appearing on their BitPay account.
Reddit user BitcoinBANG speculated that the impact was likely larger than a “handful” of customers,
Yea this obviously isn't a "handful" of people. This happened twice to me on two separate cards. Once on 10/7/2019 and once again on 10/23/2019 with a 3 day old card that was sent to me because the first one was fraudulently used...The transactions are mainly from California but there are some from Houston, TX and Myrtle Beach, SC.
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