16B Login Credentials Leak Exposes Dire Need for Non-Custodial Crypto Wallets Like Best Wallet

Cybernews has discovered a database containing a massive 16B individual login credentials, secured through multiple hacks from different sectors.

These include credentials stolen from Apple, META (Facebook), Telegram, and even governmental institutions.

The data sets compiled varied in size, from the smallest one, containing 16M records, to the largest one, with over 3.5B.

More importantly, the data sets contained users from all over the world, including Russia, Portugal, the US, and China.

The scariest part isn’t the sheer volume of leaked data, but the fact that it’s ongoing.

New Stolen Datasets Emerge Weekly

According to the researchers involved in the report, we’re not talking about one massive breach or even several significant leaks.

Instead, we’re talking about a continuous stream of breaches, which are piling up to create a concerning picture:

This is not just a leak – it’s a blueprint for mass exploitation. With over 16 billion login records exposed, cybercriminals now have unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing. […] This is fresh, weaponizable intelligence at scale.’

—Researchers, Cybernews Report

The situation is so bad that this 16B data leak compilation seems modest in the grand scheme of things. China’s massive 4B data leak speaks to that, as does the Mother of All Breaches (MOAB), packing a stunning 26B leak.

Cybernews exposed the latter in early 2024, the victim being Leak-Lookup, a data breach search engine.

Leak–Lookup took to X to clarify that everything was the result of a firewall misconfiguration and that the problem had been fixed.

To go hand in hand with this not-so-jolly news, pro-Israel hacker group Predatory Sparrow also proudly announced a $90M theft from an Iranian crypto exchange.

According to the group, the goal was to weaken Iran’s military resolve in the current conflict.

While no state actor took responsibility for the attack, Rafe Pilling, the director of Threat Intelligence at Sophos, stated that:

‘It bears all the hallmarks of a false persona used by a government-sponsored threat group to conduct disruptive operations against targets linked to illicit Iranian revenue generation, logistical entities, transport infrastructure and other strategic sectors. While we don’t expect to find strong technical links between Israel and Predatory Sparrow, the actions of the group align strongly with Israel’s regional priorities.’

—Rafe Pilling, The Guardian interview

The problem is that most data leaks fly under the radar, and we only see the tip of the iceberg. But the real-world potential impact of this thriving cybercrime industry is gloomy, to say the least.

Here is a study by Bright Defense, which details the fallout associated with cybercriminal activity in recent years. The list is too long to include in one screenshot.

This makes cybersecurity more important today than ever, especially in the crypto sector, which is rife with data security concerns.

Non-custodial wallets like Best Wallet may offer a solution by making your data and private keys your responsibility, rather than the exchange’s, which, as we have seen, can too easily be breached.

How Best Wallet Enhances Your Crypto Security

Best Wallet enhances your crypto security by being a non-custodial and no-KYC wallet.

This protects your anonymity, limits your blockchain footprint, and safeguards your funds in case of a data leak.

It’s also much more user-friendly than a hardware wallet and completely free to download.

The wallet app has an intuitive UI, letting you swap, deposit, and stake your funds on the fly.

It also features a Token Launchpad, which gives you access to tokens in presales, so you can invest in tomorrow’s top coins before they go live.

One of these is Best Wallet’s native $BEST token, which has already raised $13.45M with a coin price of $0.025205.

The project offers stakers a dynamic APY of 103% and consists of four phases, each with multiple long-term goals.

Holding $BEST has multiple perks, such as higher staking rewards, community governance rights, reduced transaction fees, and early access to new projects.

Based on the coin’s utility and provided it sees widespread adoption post-launch, our analysts expect $BEST to reach a price point of $0.072 by the end of 2025, for an ROI of 185%.

To get the most out of Best Wallet, buy $BEST today through the Upcoming Tokens section or at the official presale website.

Will Data Leaks Damage the Crypto Sector?

It’s unlikely that data leaks will disrupt or damage the crypto sector, given its relentless growth and continuous advancements in cybersecurity.

Using tools like Best Wallet also contributes to your security and anonymity on the blockchain, reducing your exposure to data leaks.

Don’t take this as financial advice. Do your own research (DYOR) and invest wisely.