Coinbase Says Malicious Actors Stole Crypto From at Least 6,000 Traders This Year.
03 Oct 2021, 08:00
Coinbase Says Malicious Actors Stole Crypto From at Least 6,000 Traders This Year
Crypto exchange Coinbase says that bad actors have stolen crypto assets from at least 6,000 traders this year.
In a letter posted on the California Attorney General website, Coinbase says hackers took advantage of a flaw in the exchange’s SMS Account Recovery process to receive an SMS two-factor authentication token and gain access to the funds, which they then transferred to wallets unassociated with the exchange.
The hackers had previously secured e-mail addresses, passwords, and phone numbers associated with the impacted accounts, according to Coinbase’s letter.
Coinbase claims no evidence has been found suggesting that personal information was taken from the exchange itself.