In August 2024, we announced a bold commitment: to become a dataless identity provider and delete all user data from our servers by the end of Q2 2025. Now that we’ve reached the halfway point, we’re excited to share an update on our progress, the milestones we’ve achieved, and the critical work that lies ahead. …
On the Path to Becoming Dataless: An Update from Fractal ID Read More »
We recently announced our new initiative to make Fractal ID a dataless KYC solution by the end of Q2 2025. In line with this approach, we will be introducing an entirely new way of handling user data as a web3 KYC verification provider. We believe that for our customers, and for the scores of companies …
Today, we are sharing an important update regarding the data breach that affected Fractal ID on July 14th, 2024. Resonance, the cybersecurity agency we engaged to conduct a forensic analysis as part of an incident response, has completed its investigation of the data breach. Most importantly, Resonance has verified our findings regarding the number of …
Fractal ID Data Breach: External Confirmation of the Impact Read More »
We want to share an update on the data breach attack that Fractal ID suffered on Sunday, July 14th. During the last week and a half, we have been actively engaging with affected users, our partners, the authorities and external cybersecurity support to come up with a shared understanding, and detail the next steps that …
Update on Fractal ID Data Breach and Support for Affected Users Read More »
tl;dr: Incident and response On Sunday, July 14th, 2024 at 07:00 UTC, our systems monitoring alerted one of our engineers who was on call. This alert pointed to unusual activity on one of Fractal ID’s backoffices: one specific endpoint, not regularly used in the course of normal operations, was being queried. This initially appeared to …
Today, we want to give more details on the announced IDOS Airdrop 1 for FCL holders at a 4 FCL:1 IDOS ratio and the burning of FCL treasury and ecosystem development tokens resulting on an updated total available supply of FCL 291,929,141. In October 2023, we announced a plan to focus Fractal ID efforts in …
Moving towards the idOS: Reduction on FCL supply + idOS Airdrop 1 for FCL holders! Read More »
As mentioned in October, we have decided to make some changes into our infrastructure, which include discontinuing the Fractal Substrate chain. However, we want to assure you that this decision will not impact your current Fractal ID experience, and all services, except the Fractal Wallet, will continue to operate seamlessly. Why the Change? Currently, FCL is …
Introduction idOS Co-Founder, Lluis Bardet, and NEAR Protocol Co-Founder, Illia Polosukhin shed light on the vision behind the idOS and current developments within its ecosystem in this recent Twitter Spaces AMA session with BanklessDAO. In web3, where the spotlight is on security, privacy, and compliance concerns, a collaborative effort between Fractal ID, Kwil, NEAR, Gnosis, …
Introduction In the dynamic realm of emerging decentralized identity solutions, the development of the idOS marks a huge leap forward. An open-source solution designed to be the identity layer of web3, the idOS empowers users to own, manage, and securely store their identity data. Built by Fractal ID, Kwil, NEAR, Gnosis, and Aleph Zero, the …
idOS at NEARCON’23: Empowering builders on NEAR with a Compliant Identity Layer Read More »
Introduction As the promise of decentralized technology intertwines with the increasing need to comply with data privacy regulations, a paradigm shift is underway – web3 is now facing intense scrutiny and a call for self-regulation. Demands for user privacy and data security are gaining momentum, particularly within DeFi which until now, has often operated in …
