Transak
Summary
Transak is a fiat-to-crypto on-ramp infrastructure provider founded in 2019 and serving over 8 million users across 160+ countries, with integrations into major platforms including MetaMask, Phantom, and Uniswap. In October 2024, a phishing attack on an employee's laptop led to unauthorized access to a third-party KYC vendor's dashboard, exposing the personal identity documents of approximately 92,554 users globally, including names, dates of birth, government-issued IDs, and selfie photos. The breach resulted in a $601,000 class action settlement covering U.S.-based affected users, and the Stormous ransomware group claimed responsibility, alleging extraction of over 300GB of data.
Connected Entities
1 entitiesTimeline(11 events)
2024-03-07
Transak announced SOC 2 Type 2 compliance certification, claiming to be the first crypto on-ramp provider to achieve this standard.
Transak Official Blog2024-09-23
Transak was first contacted by a hacker claiming to have accessed confidential data from its network (per U.S. class action filing).
ClassAction.org2024-10-20
Reported date of the phishing-enabled breach of a Transak employee's laptop and subsequent access to a third-party KYC vendor's dashboard.
RedPacket Security / CryptoNews2024-10-21
Transak publicly disclosed the data breach via its official blog, confirming 92,554 users were affected. CEO Sami Start issued public statements.
CoinDesk2024-10-21
ZachXBT flagged the Transak ransomware incident, highlighting the discrepancy between Transak's characterization and the attackers' claims.
ChainCatcher2024-10-31
Stormous ransomware group published a leak page for Transak, claiming extraction of 300GB+ of data and releasing a subset publicly.
RedPacket Security2025-03-11
Plaintiff Shane Pearson filed a class action lawsuit against Transak USA LLC in the Southern District of Florida (Case No. 1:25-cv-21146), alleging failure to adequately protect user data and delayed breach notification.
Bloomberg Law2025-09-07
The Pearson v. Transak USA class action received preliminary court approval for a $601,000 settlement covering 23,113 U.S.-based affected individuals.
ClassAction.org2025-12-01
Claim submission deadline for affected U.S. class members in the Transak USA settlement.
ClassAction.org2025-12-15
Final approval hearing scheduled for the Transak USA class action settlement.
ClassAction.orgDecision Log
- hash: Captkup6tF2FbZMAWksq6Tj1vFyqUsQFoT4QS9Vy6mVR
- hash: Ho1mMV7zRQouXrYD53QfD5RwhwJbFBY5bCj1VgHHX4rv
- hash: FKCS3ek6gxwnGqQQ6hynNrJqiEFPQ71GwwhdDenTLWQ1
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet
generated: 5/4/2026, 4:05:00 PM
last updated: 6/9/2026, 8:46:41 PM
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