ME News reports that on October 12 (UTC+8), Edison, co-founder of Based, tweeted that the team is closely cooperating with law enforcement to address the encrypted card data breach. The encrypted card service continues to operate normally, and neither transaction wallets nor the application have been affected by this incident. The “admin console” mentioned by community users is independent of the encrypted card operations system and contains no customer data. This system is an early developer version of a hosted OpenClaw product prototyped by the team in March 2026. Previously, Foresight News reported that, according to INSOMNIAC monitoring, Streamis, the entity managing Based’s encrypted card business accounts, experienced unauthorized access, resulting in the leakage of Based cardholder information. (Source: Foresight News)
Based Co-Founder: Collaborating with Authorities on Crypto Card Data Breach
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Summary
Co-founder Edison confirmed on October 12 (UTC+8) that the team is addressing a security breach related to the crypto card. The incident involved a data leak from a non-customer-facing admin console, part of the early custodial OpenClaw product. Operations and apps remain unaffected. Earlier reports had linked the breach to unauthorized access of a business account. This incident occurs amid ongoing concerns about inflation data and its impact on digital asset adoption.
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