Hackers Exploit MFA Flaw to Steal From 6,000 Coinbase Customers


The giant cryptocurrency exchange informed some customers that they had been victimized by a hack.

Coinbase has sent thousands of emails to customers informing them of an attack that took place between March and May 2021. The exploit targeted a flaw in the exchange’s two-factor authentication system and saw a significant number of customers affected.

The email says that “At least 6,000 Coinbase customers had funds removed from their accounts, including you. In order to access your Coinbase account, these third parties first needed prior knowledge of the email address, password, and phone number associated with your Coinbase account, as well as access to your personal email inbox.”