It looks like another social media platform has been hacked yet again. This time millions of phone numbers and private information were stolen. Originally, Instagram noted that this hack only affected owners of verified accounts. Later this statement was amended to include regular accounts as well.
According to the article, a database was constructed by the hacker(s) within hours of the attack and made searchable to anyone who would pay their set fee. The database allowed searching for the contact information of the 1000 top Instagram accounts.