September 28, 2022

Ethereum Reader

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Crypto Exchange Coinbase Suffers Security Breach Again

<img width="300" height="169" src="https://ethereumreader.com/wp-content/uploads/2021/10/crypto-exchange-coinbase-suffers-security-breach-again.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto-Exchange-Coinbase-Suffers- Security-Breach- Again" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://ethereumreader.com/wp-content/uploads/2021/10/crypto-exchange-coinbase-suffers-security-breach-again.jpg 300w, https://coinquora.com/wp-content/uploads/2021/10/Crypto-Exchange-Coinbase-Suffers-Security-Breach-Again.jpg 730w" sizes="(max-width: 300px) 100vw, 300px" />Coinbase exchange experiences yet another security breach. Hackers stole from 6,000 counters. A vulnerability in the company’s MFA lead to

Crypto-Exchange-Coinbase-Suffers- Security-Breach- Again

  • Coinbase exchange experiences yet another security breach.
  • Hackers stole from 6,000 counters.
  • A vulnerability in the company’s MFA lead to the security breach.

Coinbase, one of the world’s largest crypto exchanges, has reportedly suffered another security breach. Specifically, hackers came across a vulnerability they used to bypass the company’s SMS multi-factor authentication (MFA) security feature.  Therefore, Coinbase disclosed that the hackers stole from 6,000 customers.

In detail, Coinbase states that a vulnerability existed in their SMS account recovery process. Thus, allowing the hackers to gain the SMS two-factor authentication token needed to access a secured account. To conduct the attack, Coinbase says the attackers needed to know the customer’s email address and password. Also, the phone number is associated with their Coinba…

Source: coinquora.com