Report: Hackers Used Microsoft Email Accounts to Purloin Customers’ Digital Assets

In deteriorating news for customers of Microsoft’s email services like Hotmail, Outlook, and MSN, more than a few cryptocurrencies and digital asset holders affected by the latest hack claim that the hackers accountable stole their virtual assets. The development is first reported by Vice’s Motherboard on April 29.

It is to be noted that one of the victims even asserted on a Dutch tech forum to have lost just over one BTC, or almost five thousand four hundred US Dollar, at the time of reporting, when the aforementioned hackers used his email account to reset his password and gain access to his Kraken account on 31st March. Notably, a number of Reddit users attested to analogous experiences.

As per Microsoft, the original infringement took place between January 1st and March 28th of this year. However, as per others, it may have stretched for 6 months. According to Microsoft, the suspected hackers primarily reached user emails by way of a Microsoft support agent account.

It is to be noted that Microsoft’s original email statement to affected customers guaranteed them that hackers may have accessed email metadata like contacts, but not the attachments or content of any breached e-mails.

Nonetheless, 2 days later, reports surfaced that hackers had certainly been able to read the content of breached emails.

Furthermore, Microsoft has yet to react to the most recent escalation of the aforementioned security breach.

Notably, the development comes just a week after an Independent Security Evaluators report on a blockchain thief who might have stolen millions of dollars in the form of ethers by guessing weak private keys. Moreover, Coinbene crypto exchange continuously denied losing over a hundred million US Dollars to a hack in March.

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