Coinbase hackers exploit multi-factor flaw to steal from 6,000 customers

Bad actors were able to infiltrate the accounts of and steal cryptocurrency from around 6,000 Coinbase customers by exploiting a multi-factor authentication flaw, according to Bleeping Computer. The cryptocurrency exchange told the publication that its security team observed a large-scale phishing campaign targeting its users between April and early May 2021. Some users may have fallen victim to the malicious emails, giving hackers access to their usernames and passwords.

Worse, even those who had multi-factor authentication switched on were compromised because of a flaw in the exchange’s system.

Read more…
Source: Yahoo! News