Based updates on crypto card data breach: regulators notified and police report filed

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Based updates on crypto card data breach: regulators notified and police report filed; trading wallet and app unaffected

PANews October 12 reports that Based co-founder Edison posted an update on the crypto card data breach. The compliance and operations teams have been responding to affected users and have notified PDPC(Personal Data Protection Commission) and relevant regulators, and have filed a police report. The crypto card business is operating normally. The trading wallet and app were unaffected. The wallet uses a self-custody model, with the platform not holding keys; social login is managed by Privy. Users may continue trading on the Based platform. In addition, regarding the “5-months-ago leaked admin backend” mentioned externally, the team clarified that the system is unrelated to the crypto card business and contains no customer data. It was only an early prototype of an OpenClaw management product for 2026 year March internal testing and was subsequently discontinued. Current priorities are to continue supporting affected customers and tighten team security controls...

Source: https://www.panewslab.com/zh/articles/01a12e2c-5516-73c3-9b9e-94282e2063fb

Key points

Based co-founder Edison said the team has notified PDPC and relevant regulators of the situation.
The team has filed a police report and continues to respond to affected users.
The team said the crypto card business is operating normally and that the trading wallet and app were unaffected.
The team said the wallet uses a self-custody model, the platform does not hold keys, and social login is managed by Privy.
The team clarified that the 5-months-ago-mentioned admin backend is unrelated to the crypto card business and contains no customer data.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is an update on a crypto card data breach. Based said it has contacted regulators and reported the matter to police, while the crypto card business, trading wallet, and app remain available for normal use.

Why it matters to readers

Regulatory notification and a police report mean the incident has entered a formal response process; however, the scope of impact on user data still requires attention.

If you use a Based crypto card, monitor subsequent official notices and determine which accounts or data may have been affected.

Risks and unknowns

The evidence does not specify the number of affected users or the specific types of data.
The evidence does not provide PDPC or independent responses from police or other regulators.
The evidence does not specify the ultimate cause of the incident, the outcome of the response, or remedial measures.

Based updates on crypto card data breach: regulators notified and police report filed

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