Coinbase Multi-Factor Authentication Hacked, Users Lose Funds
Hackers leveraged a vulnerability in the bitcoin exchange's SMS recovery system to steal cryptocurrency from 6,000 customers.Coinbase, a major U.S.-based bitcoin and cryptocurrency exchange, disclosed today that a hacker was able to bypass the company's SMS multi-factor authentication mechanism and steal funds from 6,000 users, Bleeping Computer reported.The breach of Coinbase customers' accounts happened between March and May 20, 2021, in a hacking campaign that combined phishing scams and a vulnerability exploit on the company's security measures.The U.S.-based exchange, which has....
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There are many ways to improve your security with multi-factor authentication, but some kinds offer more protection from hacking and tracking.
ChangeTip today announced it was integrating Two-factor-authentication on their platform. With the integrating of a 2FA option, the company expects to offer enhanced security to the customers' accounts. ChangeTip knows the importance of security is. So today, we are releasing Two-Factor Authentication to our users. ChangeTip's mission is to enable a truly global economy by reducing economic disparity through the efficient and open transfer of value to and from each other. Together, as a strong and robust community, the company embraces Bitcoin and shows that micropayments are a great use....
Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds. Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of the theft wasn’t disclosed, according to a report from Bleeping Computer. Earlier this week, Coinbase reportedly notified affected customers that the theft occurred between....
Two-factor authentication is an industry standard pushed widely by the Bitcoin community over the past few years. Most users are pressured to secure their funds and accounts to the maximum degree as it's their money and their responsibility. Hyprkey is stepping up the industry standard with their biometric tokens based on three-factor authentication. At only the size of a nicotine patch, the HYPR-3 sticker reportedly secures and authorizes everything with a fingerprint. In a recent press release, CEO of Hypr Corp George Avetisov laid out a vision for the future of the extra level in....
ChangeTip today announced it was integrating Two-factor-authentication on their platform. With the integrating of a 2FA option, the company expects to offer enhanced security to the customers' accounts. ChangeTip knows the importance of security and now has released a Two-Factor Authentication to enhance the security of its customers. ChangeTip's mission is to enable a truly global economy by reducing economic disparity through the efficient and open transfer of value to and from each other. The company embraces Bitcoin and show that micropayments are a great use case for the technology.....