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Alliance Dao contributor Qiao Wang has Detailed detailed fraud with social engineering targeting Coinbase Users in the middle of the Incident Incitation Incident Incident.
In May 15, on May 15, Wang’s social media revealed how Exchange’s attackers release Exchange by means of personal data obtained through a recent internal violation. Individuals contacted him and claimed to represent Coinbase and warning of a supposed compromise on his account before taking steps of identity verification.
Impersonators demanded the details of account balances to prefer high -value targets and then ordered victims to transfer assets to A Coinbase wallet.
Under the pretext of helping with the wallet settings, the attackers provided a pre -generated seed phrase, which provided them with full control as soon as the user moves the assets.
Wang said at the end of the call called fraudsters:
“I called them at the end of the call and told them they had to intensify their game because this fraud is retarded. They told me [they] He earned $ 7 million that day. ”
Personal security at risk
Coinbase published earlier on May 15 that she had experienced a Data violation affecting less than 1% its monthly active users. The incident that the Company said did not endanger the login data or private keys was traced to bribe a group of overseas customer support agents to escape sensitive data.
Information included names, contact details, identity documents and masked banking and social security data.
According to Coinbase statement, it has ended the involved initiates and cooperates with the coercive bodies to explore the violation. Ceo Brian Armstrong confirmed that attackers tried to blackmail $ 20 million Bitcoin The requirement that Coinbase rejected.
Instead, the company offers a reward of $ 20 million for information to be arrested by the perpetrators. Coinbase also said it would pay the affected users.
Despite the promises of Wang, he called on Coinbase to treat the potential exposure of the home addresses and the ID issued by the government as a personal security question, which is “much more than the loss of funds”.
Remedy costs up to $ 400 million
In recent months Zacxbt has Credited more than $ 300 million In analized loss of Coinbase users to similar social engineering operations, many of them They include personification, seeding of seed phrases and redirecting funding.
In the accompanying form of 8-K submission With the US Securities and Stock Exchange Commission (SEC) on May 15, Coinbase revealed that it was still evaluating the overall financial consequences of security forfeiture.
Based on current data, preliminary estimates are to remedy and voluntary customer compensation between $ 180 million and $ 400 million.
In addition, Coinbase repeated in the document that the ransom required the required attackers. The Company said it intended to implement all legal ways against individuals responsible for the attack and continues to investigate the full extent of the incident.
