Coinbase Heist: Cyber Crooks Strike, but No Bitcoin for Them!
Coinbase was breached by cyber actors who swayed support agents with cash offers, snatching data from less than 1% of users. Luckily, no funds or passwords were exposed, but names and masked details were. The crypto giant is stepping up security and offering a $20 million reward for info on the attackers.
Hot Take:
Looks like even the mighty Coinbase isn’t immune to a little insider trading – but instead of stocks, it’s all about stealing your deets. While some customer support agents were busy moonlighting as double agents, Coinbase assures us that our crypto is safe and sound… for now. Maybe it’s time for a “trust fall” exercise – but with better security protocols, please!
Key Points:
- Coinbase was hit by an insider attack, with data stolen for less than 1% of its users.
- The cyber crooks impersonated Coinbase to scam customers into transferring their assets.
- No passwords or funds were directly accessed by the attackers.
- Coinbase is implementing stronger security measures and offering a $20 million reward for catching the culprits.
- Users are advised to enhance their account security with 2FA and withdrawal allow-listing.
Already a member? Log in here