In Brief:
- Coinbase suffered from a large-scale email phishing attack
- At least 6000 users got affected
- The exchange will compensate customers for the value they lost.
The greatest U.S crypto exchange Coinbase Global Inc. warns Customers of large-scale email phishing attacks.
According to an announcement, the funds were stolen from accounts of over 6000 customers.
“Unfortunately, between March and May 20, 2021, you were a victim of a third-party campaign to gain unauthorized access to the accounts of Coinbase customers and move customer funds off the Coinbase platform,” the company wrote.
Ordinarily, attackers sent customers emails, implying to be from Coinbase and requesting that they give in long-in credentials, the exchange said in a blog. Then at that point, they’d utilized these credentials to imitate the customers, and even get an instant message to get entrance. Coinbase said it fixed its framework to prevent future attacks.
“We immediately fixed the flaw and have worked with these customers to regain control of their accounts and reimburse them for the funds they lost,” the company stated. The company claims that the scammers never breached Coinbase’s security foundation or more extensive framework.
