Coinbase Cyberattack: Insider Bribe and Data Theft Details

Crypto

In crypto we trust

Cyril

·last year

shared a link post in group #Crypto

The largest #Crypto exchange in the US anticipates that it will lose between $180-$400 million following a recent cyberattack, which obtained the names, addresses, and email addresses of a small subset of customers (but thankfully not their login info or passwords). Customers who were tricked into sending funds to the attackers will reportedly get refunds. Bloomberg suggests the hackers got access to Coinbase’s customer data by bribing customer service representatives within the company. Oh no!

https://www.reuters.com/b..

www.reuters.com

Coinbase warns of up to $400 million hit from cyberattack

Coinbase forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a "small subset" of its customers, the crypto exchange said in a regulatory filing on Thursday.

Sam Mendoza
Nate
Tl;dr: Cyber criminals bribed and recrui...
While everyone was freaking out last week about how quantum computing could put literally trillions of dollars of cryptocurrency at risk of future attacks by 2030, hundreds of millions’ worth of crypto was hacked seemingly due to good old social engineering. The over $270 million exploit on solana-based trading platform Drift wasn’t because of a bug in the protocol’s smart contracts or supercomputers, but done by exploiting a human weak link. sherwood.news/crypto/sola..
sherwood.news
Solana drops to price not seen since February as Drift exploit rattles sentiment
The total value locked on solana has shrunk by nearly $1 billion since the incident....

Todd Smith
Sam Mendoza
While everyone was freaking out last wee...
Binance said a staff engineer inadvertently downloaded malicious code to his work computer to complete an assignment for a job interview, part of several steps since June that eventually allowed attackers to gain access to Binance’s system and conduct a $6.3 billion hack. The #(Cool) Dev engineer didn’t realize the job interview was for a fictitious company, however. bbc.com/news/articles/ck5..
www.bbc.com
Binance says fake job interviews used as part of $6.3bn crypto hack
An engineer was contacted through a legitimate job-hunting platform and invited to bogus job interviews with fake company representatives, Binance says.

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