# Based Co-Founder Says Team Is Working With Law Enforcement Following Crypto Card Data Breach

- URL: https://stocks.freetheai.org/news/based-co-founder-says-team-is-working-with-law-enforcement-following-crypto-card-6fc450
- Published: 2026-10-12T02:53:51Z
- Category: crypto; sentiment: bearish; impact: medium
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Based co-founder Edison confirmed that the company is collaborating closely with law enforcement authorities following a data breach involving its crypto card business. The breach occurred after unauthorized users gained access to Streamis, an external account manager handling Based's crypto card operations, leading to a leak of cardholder details.

Despite the incident, Based reported that its crypto card services remain operational. The project's trading wallet and core application were not impacted by the breach. Addressing user concerns about an exposed administrative console, Edison clarified that the system was an early developer prototype for a hosted OpenClaw product built in March 2026. He emphasized that this console is completely separate from the primary crypto card infrastructure and contains no customer data.

Investors and cardholders should monitor official updates from law enforcement and the Based team as the investigation progresses. Users should remain cautious of security risks related to leaked personal information while the company reviews third-party vendor access.

## Key points

- Based is working with law enforcement to address a data breach affecting its crypto card service.
- The breach resulted from unauthorized access at Streamis, the account manager for the crypto card business.
- Based stated that its crypto card operations remain active, and its trading wallet and app were unaffected.
- An exposed admin console is an early OpenClaw prototype from March 2026 and holds no customer data.

## Questions and answers

### Was customer data compromised in the Based crypto card breach?

Yes, cardholder information was leaked after Streamis, the third-party account manager for Based's crypto card business, suffered unauthorized access. However, an exposed admin console mentioned by users contained no customer data.

### Were Based trading wallets or apps affected by the data breach?

No, Based stated that its trading wallet and app were not affected by the incident, and crypto card operations remain active.

### What steps is Based taking following the crypto card data leak?

Based co-founder Edison stated that the team is working closely with law enforcement authorities to address the incident and manage the situation.