Coinbase is exposed to a hack attack affecting six thousand accounts on its platform!

issued Coinbase This week, a hack notification message says that at least 6,000 accounts have been victims of hackers. The stock exchange stated that the breach occurred between March and May of this year.

What do we know?

The message indicates that unauthorized third parties exploited the account recovery process of Coinbase via messages sms, and transferred users' funds to accounts outside Coinbase.

However, the company added that in order to do so, those third parties must have email addresses, passwords, and phone numbers, as well as email access.

while you think Coinbase that users have fallen victim to a phishing attack or equivalent, in order to disclose this information, and that there is no evidence to support the assumption that the information was taken directly from Coinbase.

The exchange also said that the protocols for recovering accounts by SMS have been updated, after it discovered Coinbase the problem.

The notification letter concluded that some accounts had already been paid and that all accounts would be fully compensated in the amount of any losses incurred. The letter was also posted on the California attorney general's website.

Safety First

While the amount of cryptocurrencies that were hacked has not been disclosed, the speed of Coinbase Recovering users' money is reassuring, but it comes at a time when a number of stories are making headlines, about hacks and vulnerabilities.

Also, in recent days, she has done Compound Finance By issuing a governance rule, containing a small portion of faulty code that resulted in inappropriate token distribution, exposing more than 80 million Dollars of tokens COMPA at risk.

Recall that the protocol pNetwork DeFi Protocol lost more than 12 million Dollars went to hackers, just a few days ago.

It should be noted that it is not the first difficult situation you are exposed to Coinbase Recently, during the past week the pressure that I have exerted Securities and Exchange Commission (SEC) Enough to sideline a product Lind Exactly, which brings benefits to the company.

This came a few weeks after a blog post and corresponding long-running tweets, from the CEO of Coinbase Brian Armstrong, who expressed frustration in communicating with Securities and Exchange Commission, describing the body as "superficial".

The major cryptocurrency exchange has also faced challenges with the impacts of potential infrastructure legislation, and trading USDC in recent months.

In conclusion, both the safety and security of cryptocurrencies have greatly improved over time, but that does not mean that no one is at risk.

We remind you to always use two-factor authentication, never share your seed phrase, use platforms you trust, and look out for suspicious emails that might be trying to phish.