{"id":5119,"date":"2021-10-04T15:16:00","date_gmt":"2021-10-04T15:16:00","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=5119"},"modified":"2021-10-04T15:16:00","modified_gmt":"2021-10-04T15:16:00","slug":"exclusive-report-hackers-stole-from-6000-coinbase-users","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/exclusive-report-hackers-stole-from-6000-coinbase-users\/","title":{"rendered":"Exclusive Report: Hackers stole from 6,000 Coinbase users"},"content":{"rendered":"
Despite being known for having stringent security measures, Coinbase is suffering from regular breaches. This time, hackers took advantage of a flaw (a flaw in the Multi-Factor Authentication system) and stole from 6,000 users. For this reason, the exchange came under the intense scrutiny of millions of people. Allegedly, it received complaints about poor customer service.<\/p>\n","protected":false},"excerpt":{"rendered":" Despite being known for having stringent security measures, Coinbase is suffering from regular breaches. This time, hackers took advantage of a flaw (a flaw in the Multi-Factor Authentication system) and stole from 6,000 users. They targeted the users by using the company’s SMS-based account recovery process. It is worth mentioning that this feature was introduced …<\/p>\n","protected":false},"author":1,"featured_media":5120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[15],"tags":[605,607,246,604,213,609,140,136,608,606],"aioseo_notices":[],"yoast_head":"\n
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\nThey targeted the users by using the company’s SMS-based account recovery process. It is worth mentioning that this feature was introduced in early 2021.
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\nThe entire monetary value is not disclosed yet. It is said that Coinbase reached out to these people to notify them about this theft that occurred between March and May.
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\nThis attack would not have been possible without the attackers’ knowledge of user account details. Though it’s not clear how they have accessed this information, the investigation is ongoing.<\/p>\n