BitcoinIRA, iTrustCapital accused of hiding data breaches

On-chain investigator ZachXBT alleged this morning that BitcoinIRA and iTrustCapital suffered data breaches this year without disclosing the incidents to their customers.

ZachXBT claimed that threat actors accessed personal details from the crypto retirement services, such as customers’ portfolio holdings, banking details, custodian details, and verification status.

Once he was confident that the breaches occurred, the researcher emailed both platforms on August 21. After three days of no response, he published the alert publicly today.

iTrustCapital responded to the allegations via X, writing, “ITrustCapital has not experienced and is not aware of any recent third-party vendor data breaches affecting our platform.

“Our multi-step closed-loop system is designed to mitigate losses for clients who may be targeted, phished, scammed or compromised at a personal level.”

BitcoiIRA hadn’t responded publicly by publication time.

Who are the businesses involved?

Chris Kline, Johannes Haze, and Camilo Concha started BitcoinIRA a decade ago out of Sherman Oaks, California, according to a BBB business listing.

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