Renowned Crypto Provider MyEtherWallet Strike by Data Breach amid Hola VPN Hack

“Renowned crypto service “MyEtherWallet” affected by strange data breach recently after a free VPN service was hacked for five hours.”

MyEtherWallet, which is famous for its outstanding crypto managing services and exchange crypto tokens from multiple crypto wallets, warned it’s users who use their services via Hola VPN that about 50 million users, might have been under attack by anonymous hackers to steal cryptocurrencies.

However, those “MyEtherWallet” users who didn’t use Hola VPN to access their crypto-wallet were utterly safe by the data breach.

MyEtherWallet attack

MyEtherWallet confirmed that earlier that the user’s data were comprised is due to Hola VPN was attacked by malicious hackers for the interval of four to five hours approximately. It means the data was not comprised due to any technical issue from the “MyEtherWallet” side, but all blame goes to free VPN service “Hola.”

Furthermore, to save its users, MyEtherWallet officials suggesting users who used Hola VPN to access their crypto wallet in last 24 hours to switch their crypto token into new accounts.

This new scenario is a real-time example and a great lesson for those users who use free VPN services for managing things like personal and financial activities online rather than using reliable best VPN services. Moreover, this is not the only incident, which happens in recent times, but these kinds of data breaching attacks now become a habit of so-called free VPN providers.

Not only that, but this incident also reveals the big picture of free VPN providers marketing strategy regarding how they survive in such a competitive industry without getting a single penny out of it. In recent time there is another free VPN service “ProtonVPN” who is a part of an organization that runs a business of data mining.

After what we exposed here, it is mandatory for every VPN users all around the world that don’t trust these free VPN services at all. Otherwise, these free VPN providers might access your data or sell it to data mining companies without letting you know.

For more updates, keep checking our websites on a regular basis. In case if you still want to ask something or want to add something informative, feel free to contact us by mentioning your comment below.

Salman Ahmed's Biography

Salman Ahmed Siddiqui is a passionate writer who loves to write about online privacy, crypto economy and trending technological developments. He loves to provide effective tips and guideline related to rising cyber challenges. When he is not writing, Salman watches Manchester United play and demonstrates his love for football with his mad FIFA skills.

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One Response to Renowned Crypto Provider MyEtherWallet Strike by Data Breach amid Hola VPN Hack

  1. HP

    You are right. These free VPN providers might access your data or sell it to data mining companies without letting you know. So better to use trusted VPN to secure your printer.

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