Figure Technology suffers data breach, exposing personal customer details

CoinTelegraph

by Amin Haqshanas

February 14, 2026

AI-Generated Deep Dive Summary

Figure Technology, a blockchain-based lending platform, has fallen victim to a data breach caused by the ShinyHunters hacking group. The attack occurred after a social-engineering scheme manipulated one of Figure’s employees, leading to unauthorized access. Despite reports that the company refused to pay a ransom demand, hackers managed to obtain a limited number of files containing user data. In response, Figure has begun notifying affected individuals and is providing free credit-monitoring services to those who receive breach notifications. The incident highlights the growing threat of cyberattacks targeting cryptocurrency-related platforms. While the exact scope of the breach, including the number of users impacted and when the intrusion was detected, remains undisclosed, the company’s handling of the situation has raised questions about its security protocols. This event underscores the importance of robust cybersecurity measures in the crypto industry, where financial and personal data are highly sensitive. For crypto enthusiasts and investors, this news serves as a reminder of the vulnerabilities inherent in blockchain-based platforms. The attack on Figure Technology not only compromises user trust but also underscores the need for companies to prioritize proactive security strategies. As cybercriminals continue to target the cryptocurrency space, incidents like this emphasize the critical importance of safeguarding employee training, data encryption, and incident response plans. In a rapidly evolving digital landscape, organizations must stay ahead of potential threats to protect their users’ information. The Figure Technology breach, while limited in scale, serves as a cautionary tale for the broader crypto community, urging greater vigilance and investment in cybersecurity measures to mitigate risks and maintain user confidence.

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Originally published on CoinTelegraph on 2/14/2026