Mobile crypto ‘mining’ app possibly connected to personal data leak


Pi Network, a cryptocurrency mining app for mobile users, may have been connected to 17GB worth of personal data leaks, a Vietnamese news outlet reported on Monday.The treasure trove of personal data was apparently taken from the Know Your Customer checks of users of Pi Network, according to the person who posted it to hacker hangout RaidForums on Thursday.The identity cards of an estimated 10,000 Vietnamese citizens were placed for sale, along with connected home addresses, phone numbers and email addresses. The seller placed a price tag of $9,000 on the data, payable in either Bitcoin (BTC) or Litecoin (LTC).Phien Vo, a moderator of a Vietnamese Pi Network group chat channel, told VnExpress that Pi Network’s KYC checks are performed by a third party, adding that Vietnamese identity cards like those in question aren’t compatible with the app. However, Vo did indicate that an older version of the app was compatible with the cards at one point. “To perform KYC verification on Pi Network, Vietnamese would need to use their passports. Only some users who used earlier versions of Pi could perform KYC verification using their driver licenses, but so far the system has yet to accept Vietnamese identity cards,” Vo said.Vietnam’s Ministry of Public Security’s cybersecurity division has since launched an investigation into the matter. An independent investigation into Pi Network’s perceived value was recently conducted by Cem Dilmegani, a tech entrepreneur and founder of AIMultiple. Written weeks prior to the recent data leak, the review concluded that Pi Network bore the hallmarks of a multilevel marketing scheme, or an affiliate marketing program.The Pi app reportedly demands users log in every day and click a button to receive their PI coins. No blockchain consensus algorithm, like proof-of-work or proof-of-stake, is used in the app, and users can gain increased mining rates by referring other people. The PI token is not yet traded on exchanges and has no dollar value.The app reportedly sells data for advertising revenue from the moment its usage begins. Given that ad space can sell for a higher value with personal user info included, many have been led to speculate that the Pi app is designed only to siphon personally identifying information from its users. Cointelegraph reached out to a Pi Network spokesperson for comment. This article will be updated should they reply.

bitcoin
Bitcoin (BTC) $ 17,214.76
ethereum
Ethereum (ETH) $ 1,292.63
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 294.96
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.394248
dogecoin
Dogecoin (DOGE) $ 0.104456
cardano
Cardano (ADA) $ 0.324851
matic-network
Polygon (MATIC) $ 0.931727
polkadot
Polkadot (DOT) $ 5.69
staked-ether
Lido Staked Ether (STETH) $ 1,278.31
litecoin
Litecoin (LTC) $ 77.94
shiba-inu
Shiba Inu (SHIB) $ 0.000009
okb
OKB (OKB) $ 21.96
dai
Dai (DAI) $ 1.00
solana
Solana (SOL) $ 13.97
tron
TRON (TRX) $ 0.053360
uniswap
Uniswap (UNI) $ 6.34
avalanche-2
Avalanche (AVAX) $ 14.16
chainlink
Chainlink (LINK) $ 7.53
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 17,153.39
leo-token
LEO Token (LEO) $ 3.80
cosmos
Cosmos Hub (ATOM) $ 10.46
ethereum-classic
Ethereum Classic (ETC) $ 19.77
the-open-network
The Open Network (TON) $ 1.82
monero
Monero (XMR) $ 144.17
stellar
Stellar (XLM) $ 0.088384
bitcoin-cash
Bitcoin Cash (BCH) $ 112.12
quant-network
Quant (QNT) $ 130.92
crypto-com-chain
Cronos (CRO) $ 0.074016
algorand
Algorand (ALGO) $ 0.244772
apecoin
ApeCoin (APE) $ 4.22
filecoin
Filecoin (FIL) $ 4.58
near
NEAR Protocol (NEAR) $ 1.75
vechain
VeChain (VET) $ 0.019421
internet-computer
Internet Computer (ICP) $ 4.48
hedera-hashgraph
Hedera (HBAR) $ 0.048696
flow
Flow (FLOW) $ 1.14
terra-luna
Terra Luna Classic (LUNC) $ 0.000177
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 43.46
eos
EOS (EOS) $ 0.938495
frax
Frax (FRAX) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.43
tezos
Tezos (XTZ) $ 1.02
the-sandbox
The Sandbox (SAND) $ 0.596073
aave
Aave (AAVE) $ 65.47
chiliz
Chiliz (CHZ) $ 0.169578
theta-token
Theta Network (THETA) $ 0.898771
huobi-token
Huobi (HT) $ 6.87