Miami, FL – March 13, 2025 –Crypto giant Transak is being sued over a major data breach that exposed 23,000 users’ personal info. Victims demand justice as legal action heats up.
services giant Transak is facing a federal class-action lawsuit after a massive data breach exposed sensitive information of over 23,000 users. Victims are outraged, alleging that Transak failed to protect their personal data, including names, birth dates, and driver’s license numbers.
Filed in the U.S. District Court for the Southern District of Florida, the lawsuit claims Transak negligently handled user security, violating basic data protection standards.
The breach, which occurred in September 2024, allegedly went undisclosed for months, putting thousands at risk of identity theft and fraud. A cybersecurity expert James Callahan said:
Companies dealing with financial data must be held to the highest security standards. This negligence is unacceptable.
Transak, a leading cryptocurrency payments provider, operates globally, facilitating fiat-to-crypto transactions. But this breach shatters trust, leaving users questioning their digital safety. One affected user, who fears her data is now in the hands of hackers said:
I trusted Transak with my identity, and now I feel completely exposed.
The legal battle could have serious consequences for the crypto industry, raising questions about security practices and regulatory oversight. While Transak claims it has disclosed the breach, critics argue the response was too little, too late.
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