Razer Gaming Breach: Hacker sells stolen user data


July 10, 2023


Olumide Adesina

Listen to this article

Hackers have taken customer information from Singaporean gaming company Razer and are selling it on an internet forum for S$135,000. On Monday, the game developer acknowledged the hack, but neither disputed nor verified the disclosure of 404,000 email addresses.

Hackers steal and sell data from users' reward wallets

These addresses were allegedly connected to an in-game economy where the user was rewarded digitally in his wallet. Additionally, the hackers stole his zVault folder containing the keys that control access to these perks. The attacker sells his Monero information, his coin of privacy for $100,000, on his marketplace online. Razer has not confirmed whether the hack is related to the 2020 breach, which compromised personal shipping information.

After Razer filed a lawsuit against the information technology company, the Singapore Supreme Court granted the gaming company $6.5 million in damages.

The European cryptocurrency market law, which is due to come into force in 2024, will ban exchanges from listing privacy coins. MiCA's money laundering rules require exchanges to report users on both sides of a trade.

Recent regulations in Hong Kong and a new proposal from Singapore have prevented cryptoexchanges from listing privacy coins.

US Treasury approves service to anonymize stolen funds

Last year, the U.S. Treasury Department banned the Ethereum mixer Tornado Cash for possible money laundering. The service blends funds from multiple sources, making it impossible to trace the origin of stolen cryptocurrencies. Attackers trying to circumvent the blacklisting of centralized cryptocurrency operators often convert stolen funds into wrapped ERC-20 tokens. They then gave those tokens to Tornado Cash to encrypt their identities.

All centralized exchanges under US jurisdiction are prohibited from interacting with 44 cryptocurrency addresses linked to TornadoCash.