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Coinbase revealed that he suffered a violation of data that affected less than 1% of his active monthly users, according to May 15 declaration.
After Hack, CEO of Exchange Brian Armstrong said The perpetrators tried to blackmail it in the amount of $ 20 million Bitcoin.
How was it broken by Coinbase
According to the stock exchange, the actors accepted the threat and bribed a group of overseas support agents with access to its internal systems.
These initiates escaped with sensitive data that allowed actors to impersonate coinbase employees and fraud in social engineering.
According to the company, compromised data of names, contact details, identity documents and information about masked banks and social security.
However, Coinbase stressed that the login data, private keys and the basic infrastructure of its users, including the main wallets, remained safe.
Meanwhile, the company has terminated compromised initiates and promised to conduct legal steps against them. It also cooperates with the coercive authorities to investigate violations.
Coinbase further announced that it compensates for affected users.
After the violation, the attackers tried to blackmail $ 20 million from the company. However, Coinbase refused the demand and stated:
“We will not pay the demand we have received at $ 20 million. Instead, we are setting up a $ 20 million reward fund for information leading and believing criminals responsible for this attack.”
Zacxbt’s connection
While Coinbase has not confirmed any direct links, investigator blockchain Zacxbt noted that violation is in accordance with the previous Social engineering attacks reported.
In response to Coinbase notification, Zacxbt said:
“There are really a lot of theft of Coinbase users that I have published on a group.”
In recent months, UZXBT has described in detail how Coinbase users have lost hundreds of millions of dollars to work out the phishing tactics and personification. He estimated The fact that such fraud costs users more than $ 300 million a year.
However, Wintermute EVGENY GAEVOY CEO believe Contemporary strict control framework allowed these attacks to flourish.
According to him:
“This is the dark side of the idiotic and nonsensical Kyc/AML regime in which we live. Life is marginally comfortable for enforcement and geopolitical games, while sacrificing our privacy, imposing a massive tax on almost all businesses and facilitating criminals to go, kidnap and make crime.”
