Crypto Exchange Coinbase Suffers Security Breach Again By CoinQuora

• Coinbase (NASDAQ:) exchange experiences yet another security breach.
• Hackers stole from 6,000 counters.
• A vulnerability in the company’s MFA lead to the security breach.

Coinbase, one of the world’s largest crypto exchanges, has reportedly suffered another security breach. Specifically, hackers came across a vulnerability they used to bypass the company’s SMS multi-factor authentication (MFA) security feature. Therefore, Coinbase disclosed that the hackers stole from 6,000 customers.

In detail, Coinbase states that a vulnerability existed in their SMS account recovery process. Thus, allowing the hackers to gain the SMS two-factor authentication token needed to access a secured account. To conduct the attack, Coinbase says the attackers needed to know the customer’s email address and password. Also, the phone number is associated with their Coinba…

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.