A hacker compromised Unicoin's Google Workspace (formerly G-Suite) account and changed the passwords for all company employees, locking them out of their corporate accounts for days.
Unicoin is an asset-backed, audited, and publicly reporting cryptocurrency project. It is the official token of the “Unicorn Hunters” business series, focused on providing novel investment opportunities.
In a filing to the U.S. Security and Exchanges Commission (SEC), the company says that after gaining access to its Google account, the threat actor modified the passwords, thus dnying employee access to all services in the environment, including Gmail and Drive.
Unicoin says that it managed to restore access for its staff to G-Suite about four days later, on August 13.
“On August 9, 2024, Unicoin Inc. detected an unknown threat actor had gained access to the Company’s Google G-Suite account and changed passwords of all users of the Company’s G-Suite products (i.e., G-Mail, G-Drive and other related G-Suite functionality), thereby denying access to all users having an “@unicoin.com” email address,”
reads the SEC Form 8-K filing.
“On or about August 13, 2024, the company was able to remove the threat actor’s access to the G-Suite accounts and restore access to its internal users.”
During this time, the threat actor could freely access confidential information present in internal communications.
