Coinbase Says Hackers Stole Funds From Thousands of Customers
Crypto exchange operator Coinbase Global Inc on Friday said hackers have stolen funds from the accounts of at least 6,000 customers between March and May 20 of this year
By
Published - Oct 01, 2021, 08:01 PM ET
Last Updated - Jun 05, 2024, 02:44 AM EDT
By Arghyadeep Dutta, 2:30 pm ET:
Crypto exchange operator Coinbase Global Inc on Friday said hackers have stolen funds from the accounts of at least 6,000 customers between March and May 20 of this year.
“Customers who use SMS texts for two-factor authentication, the third party took advantage of a flaw in Coinbase’s SMS Account Recovery process in order to receive an SMS two-factor authentication token and gain access to your account,” the mail said, which the company sends out to the affected users.
