Binance Says ShinyHunters' 335 Million-Record Claim May Be a Scam

Binance said it had found no indication that its systems were breached after the ShinyHunters hacking group claimed it stole 335 million user records, describing the allegation as a likely scam while the exchange investigates.

ShinyHunters claimed the records included know-your-customer (KYC) identity files, passwords, email addresses, phone numbers, transaction histories and wallet-related information. The group demanded $900,000.

Binance’s customer support account said its review of descriptions and sample data points to a scam rather than an intrusion. The exchange said it had found no evidence that customer identity-verification records, account credentials, wallet private keys or internal infrastructure were exposed.

Binance said it does not store user passwords in plain text or hold private keys for users’ external wallets. It added that some jurisdictions linked to the dataset are places where it no longer operates. Similar claims in the past have often involved information-stealing malware on users’ own devices, the company said. Its investigation is ongoing.