Coinbase Denies Reports of Data Breach, Addresses Security Concerns
San Francisco-based bitcoin wallet provider Coinbase formally responded to community concerns relating to a design function of its 'Request Money' service on 1st April, amid reports that suggested this service could be misused by phishers and fraudsters. The response was issued after a Pastebin entry surfaced suggesting that roughly 2,000 Coinbase customer names and emails were compromised as part of a "data breach" of the site, rumours that caused widespread speculation on reddit and social media. Speaking to CoinDesk, the company clarified that, although certain user personal information....
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On Tuesday morning, a link submitted on the popular social sharing website Reddit.com, which linked to Pastebin, displayed the email addresses and full names over over 2,000 individuals, raising concern that there was a data breach at some level at bitcoin brokerage Coinbase. The San Francisco-based company has taken to their official blog to address the matter today. This list (the size of which is less than one half of one percent of Coinbase users) was not the result of a data breach at Coinbase. This list of emails was likely sourced from other sites - probably Bitcoin related ones.....
Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes. Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security. On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter users like Solobase Mac were shocked and noted that....
Data released hours after the Merge prompted concerns about the alleged centralization of PoS. Analysis from Santiment indicates that 46.15% of Ethereum’s PoS nodes are controlled by only 2 addresses.Hours after the Merge, the first address has validated about 188 blocks or 28.97% of the nodes, and the second has validated 16.18%, or 105 blocks. On Twitter, the data became a controversial topic as users debated about the impact of the Merge on centralization for the largest network in the world. According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes....
It seems the review was already in process before the attack ever occured. Popular hardware wallet company Ledger recently announced that they had passed a notable security evaluation, known as SOC 2 Type 1. This certification came following a significant data breach the company suffered in June. Ledger did not, however, decide to conduct its security audit because of the breach, according to comments from a Ledger representative. "Ledger is always seeking to raise the security standards and has been working on getting the attestation prior to the data breach," the representative told....
Data breaches are a serious threat to platform security and consumers’ private information, and there is no end in sight to the damage these attacks can cause. Even companies active in the digital currency world are not safe from harm, as Coinwallet is shutting down due to a data breach. On April 6th, the Coinwallet team noticed something was wrong with....