At least 6,000 affected users

At least 6,000 affected users

The largest cryptocurrency exchange based in the USA has admitted that it was exploited at the beginning of this year when Hacker stole assets from around 6,000 users. The company promised to reimburse all affected users.

according to a Copy sent to the affected customers California General Prosecutor was available, the exploits took place somewhere between March and May 20 of this year. It states that an unauthorized third party has access to the accounts of at least 6,000 coin base customers and has withdrawn from there. The exchange said that the security violation was possible because the perpetrators had "the email address, the password and the telephone number" that were linked to every account. The letter states that Coinbase did not determine how "these third parties have received access to this information". It explained that these types of activities typically contain phishing attacks or other social engineering techniques in order to "unknowingly pass a victim to a malignant actor". Although Coinbase claimed that even if the perpetrators had access to the information mentioned above, they would need additional authentication to access the accounts. However, the two-factor authentication through SMS texts had a weak point that they could take advantage of.

Ultimately, the perpetrators were able to transfer the funds from the compromised accounts. The stock exchange promised to have updated its authentication and other security protocols. In addition, Coinbase promised to pay funds to the affected account during the incidents, which "correspond to the value of the currency that removed improperly". Some customers have already received the reimbursement, the rest should be completed "at the latest today". It is worth noting that these incidents took place around the same time when the huge stock exchange became a listed company. Shares of Coinbase .sidebar { width: 300px; min-width:300px; position: sticky; top: 0; align-self: flex-start; } .contentwrapper { display: flex ; gap: 20px; overflow-wrap: anywhere; } @media (max-width:768px){ .contentwrapper { flex-direction: column; } .sidebar{display:none;} } .sidebar_sharing { display: flex; justify-content: space-between; } .sidebar_sharing a { background-color: #e6e6e6; padding: 5px 10px; margin: 0; font-size: .95rem; transform: none; border-radius: 5px; display: inline-block; text-decoration: none; color:#333; display: inline-flex; justify-content: space-between; } .sidebar_sharing a:hover { background-color: #333; color:#fff; } .sidebar_box { padding: 15px; margin-bottom: 20px; box-shadow: 0 2px 5px rgba(0, 0, 0, .1); border-radius: 5px; margin-top: 20px; } a.social__item { color: black; } .translate-dropdown { background-color: #e6e6e6; padding: 5px 10px; margin: 0; font-size: .8em; transform: none; border-radius: 5px; display: inline-block; text-decoration: none; color: #333; margin-bottom: 8px; } .translate-dropdown { position: relative; display: inline-flex; align-items: center; width: 100%; justify-content: space-between; height: 36px; } .translate-dropdown label { margin-right: 10px; color: #000; font-size: .95rem; } .article-meta { gap:0 !important; } .author-label, .modified-label, .published-label, modified-label { font-weight: 300 !important; } .date_autor_sidebar { background-color: #e6e6e6; padding: 5px 10px; margin: 0; font-size: .8em; transform: none; border-radius: 5px; text-decoration: none; color: #333; display: flex; justify-content: space-between; margin-bottom: 8px; } .sidebar_autor { background: #333; border-radius: 4px; color: #fff; padding: 0px 5px; font-size: .95rem; } time.sidebar_time, .translateSelectlabel, sidebar_time { margin-top: 2px; color:#000; font-style:normal; font-size:.95rem; } .sidebar_updated_time { background-color: #e6e6e6; padding: 5px 10px; margin: 0; font-size: .8em; transform: none; border-radius: 5px; text-decoration: none; color: #333; display: flex; justify-content: space-between; margin-bottom: 8px; } time.sidebar_updated_time_inner { background: #333; border-radius: 4px; color: #fff;; padding: 2px 6px; } .translate-dropdown .translate { color: #fff; !important; background-color: #333; } .translate-dropdown .translate:hover { color: #fff; !important; background-color: #00306d !important; } .share-button svg, .translate-dropdown .translate svg { fill: #fff; } span.modified-label { margin-top: 2px; color: #000; font-size: .95rem; font-weight: normal !important; } .ad_sidebar{ padding:0; border: none; } .ad_leaderboard { margin-top: 10px; margin-bottom: 10px; } .pdf_sidebar:hover { background: #00306d; } span.sidebar_time { font-size: .95rem; margin-top: 3px; color: #000; } table.wp-block-table { white-space: normal; } input {padding: 8px;width: 200px;border: 1px solid #ddd;border-radius: 5px;} .comments { margin-top: 30px; } .comments ul { list-style: none; padding: 0; } .comments li { border-bottom: 1px solid #ddd; padding: 10px 0; } .comment-form { margin-top: 15px; display: flex; flex-direction: column; gap: 10px; } .comment-form textarea { width: 100%; padding: 8px; border: 1px solid #ddd; border-radius: 5px;} .comment-form button { align-self: flex-start; background: #333; color:#fff; border:0; padding:8px 15px; border-radius:5px; cursor:pointer; } .comment-form button:hover { background: #00306d; }