QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$0 USD
MAY 2024
UNITED STATES
EVOLVE BANK AND TRUST
DESCRIPTION OF EVENTS

"Welcome to Evolve Bank & Trust Your Financial Success. Evolved. Best-in-class financial technology solutions delivering personal and business success. Powering the future of banking."
"Founded in 1925, Evolve Bank & Trust started as a small bank helping develop farming towns in eastern Arkansas. Since that time, we have evolved into a national best-in-class financial services institution that combines the expertise of a bank and the power of technology to offer our clients unique profitable solutions. Evolve is committed to our core values of integrity, financial strength, and operational excellence in all areas of our business."
"Evolve proudly commits resources to community organizations that drive the success of our neighborhoods. To achieve this, we support initiatives and organizations connected to economic development, financial literacy, youth development, health and human services, the arts, and culture. Every year, our Evolve associates volunteer with local non-profit agencies that are serving areas with the most need."
"At Evolve Bank & Trust, we strive to create an environment where employees and customers are valued and appreciated. We are committed to maintaining a culture inclusive of different viewpoints, thoughts, opinions, and ideas where everyone is welcome, and diversity is embraced. In our world of diversity, we see strength and the individualism that each person is encouraged to contribute to the greater good. We are committed to fostering inclusion and diversity at local, regional, and even global levels, whether through work within our core teams or by way of organizations, volunteer opportunities, round-table discussions, or workshops."
"Crypto-friendly Evolve Bank and Trust has admitted that it has known about ‘unauthorized activity’ — specifically the theft of 33 terabytes of user data — for the past month despite only notifying end users about the breach last week."
"The data stolen from Evolve Bank reportedly includes personally identifiable information (PII), such as names, addresses, social security and tax ID numbers, dates of birth, account balances, and email addresses. The data reportedly comes from 155,586 accounts linked to firms including Bitfinex, Nomad, and Copper Banking."
"On July 1, according to Protos, the crypto-friendly bank Evolve Bank & Trust recently admitted that despite discovering "unauthorized activity"—specifically, the theft of 33 TB of user data—a month ago, they only publicly disclosed the incident last week. Reportedly, the stolen data pertains to 155,586 accounts associated with companies like Bitfinex, Nomad, and Copper. The bank stated that the data breach was due to an employee clicking on a malicious link and that the attack was halted within a few days, with no further unauthorized activity detected."
"Evolve is on schedule to commence individual notifications starting July 8, 2024. These notifications will include an offer of two years of comprehensive credit monitoring and identity protection services for U.S. residents, while international residents will be offered dark web monitoring services where available. Additionally, the notices will provide detailed information on these services, along with instructions for registration and contact details for our dedicated call center, established to assist with enrollment and address any inquiries related to the incident.
Our initial round of notifications is expected to be completed over approximately two weeks. As previously mentioned, our investigation is ongoing, and we anticipate subsequent, smaller rounds of notifications.
We appreciate your ongoing patience throughout this process and regret any inconvenience caused by this incident."
In late May 2024, Evolve Bank & Trust, with customers including Bitfinex, Nomad, and Copper Banking, identified some of its systems that were not working properly. While it initially appeared to be a hardware failure, they subsequently engaged cybersecurity specialists to investigate and determined that unauthorized activity may have been the cause. They promptly initiated an incident response processes, stopped the attack within days, and have seen no new unauthorized activity since May 31, 2024. The incident was reported to law enforcement and they have offered various identity protection services to affected custoemrs.
SlowMist Hacked - SlowMist Zone (Jul 5)
外媒:Evolve Bank在攻击事件中泄露了Bitfinex、Copper、Nomad用户的个人数据 - PANews (Jul 5)
Evolve Bank leak has personal data of Bitfinex, Copper Banking, Nomad users (Jul 5)
Cybersecurity Incident | Evolve Bank & Trust (Jul 5)
@mikulaja Twitter (Jul 5)
Evolve Hack Crisis: Russia-Linked Cybergang Leaks Records On Millions (Jul 5)
Customer data from crypto-friendly Evolve Bank leaked by Lockbit (Jul 5)
@mikulaja Twitter (Jul 5)
Cybersecurity Incident | Evolve Bank & Trust (Jul 5)
