Publicly Traded Blockchain Lender Figure Confirms Customer Data Breach

Figure Technology confirmed on Friday that there had been a breach of customer data after an employee was targeted in a social engineering attack.

The hacking group ShinyHunters claimed responsibility, saying Figure refused to pay a ransom and that it published 2.5 gigabytes of stolen data. TechCrunchwhich first reported the breach, said it had checked some of the files, including customers’ full names, home addresses, dates of birth and phone numbers.

“We recently identified an employee social engineering issue that allowed an actor to download a limited number of files through their account,” Figure said in a statement shared with Declutter. “We acted quickly to block the activity and engaged a forensics firm to investigate which files were affected.”

Social engineering involves attackers manipulating employees through deceptive emails, phone calls or messages to gain access to corporate systems, often by tricking them into sharing login credentials or approving unauthorized requests.

A January report from Chainalysis stated that more than $17 billion in cryptocurrency was stolen last year through AI-powered impersonation.

Data breaches remained widespread in 2025, with regulators recording more than 8,000 reports related to more than 4,000 separate incidents involving at least 374 million people, according to a December 2025 report. report by the Privacy Rights Clearinghouse.

Founded in 2018, Figure is a New York-based lender that operates its lending platform on the Origin blockchain, focused on equity lines of credit. Figure went public in September 2025 under the ticker FIGR and raised $787.5 million in an initial public offering that valued it at about $5.3 billion.

Although the spokesperson declined to go into further detail, a member of ShinyHunters reportedly said TechCrunch The breach was part of a broader campaign targeting companies that rely on single sign-on provider Okta. Other alleged victims included Harvard University and the University of Pennsylvania.

Figure said it is communicating with partners and affected parties, and implementing additional safeguards.

“We are offering free credit monitoring to all individuals who receive a notice,” the company said. “We continuously monitor accounts and have strong security measures in place to protect customer funds and accounts.”

The news about the data breach comes as a figure announced Friday launching a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock, with plans to repurchase up to $30 million of Class A shares from underwriters.

Figure’s shares ended the day up 3.57% at a price of $35.29, although they are down 37% in the past month.