Coinbase says hackers stole cryptocurrency from at least 6,000 customers

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The brand for Coinbase World Inc, the largest U.S. cryptocurrency change, is displayed on the Nasdaq MarketSite jumbotron and others at Instances Sq. in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Picture

Oct 1 (Reuters) – Hackers stole from the accounts of at the very least 6,000 clients of Coinbase World Inc , in accordance with a breach notification letter despatched by the cryptocurrency change to affected clients.

The hack happened between March and Could 20 of this yr, in accordance with a posted on the web site of California’s Lawyer Common.

Unauthorized third events exploited a flaw within the firm’s SMS account restoration course of to realize entry to the accounts, and switch funds to crypto wallets not related to Coinbase, the corporate mentioned.

“We instantly mounted the flaw and have labored with these clients to regain management of their accounts and reimburse them for the funds they misplaced,” a Coinbase spokesperson mentioned on Friday.

The hackers wanted to know the e-mail addresses, passwords and telephone numbers linked to the affected Coinbase accounts, and have entry to non-public emails, the corporate mentioned.

Coinbase mentioned there was no proof to recommend the knowledge was obtained from the corporate.

Information of the hack was earlier reported by know-how information portal Bleeping Pc.

Reporting by Niket Nishant in Bengaluru; Enhancing by Shounak Dasgupta


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