A massive data breach at Evolve Bank and Trust has impacted Bitfinex and other platforms, exposing over 155,000 accounts to theft.

The breach, attributed to the Lockbit ransomware group, involved the unauthorised download of sensitive information including names, addresses, social security numbers, and account balances.

Despite assurances from Evolve Bank that customer funds remain secure, the incident compromised extensive personal data stored in the bank’s databases.

The breach, initiated by an employee clicking on a malicious link, led to data encryption within Evolve’s systems, although backups limited the overall impact.

Evolve has faced criticism for delaying notifications to affected fintech companies and customers, prompting concerns over data security across the financial technology sector.