in

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

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



View Reddit by Extremely-Bad-IdeaView Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

17 Comments

  1. > Unauthorized third parties exploited a flaw in the company’s SMS account recovery process to gain access to the accounts

    Translation: If you enabled 2FA, an attacker could use the “lost password / lost 2FA” recovery workflow to disable your 2FA. This is why I’ve been [asking coinbase to disable](https://www.reddit.com/r/CoinBase/comments/ogz2z7/) the “lost 2FA / lost password” option.

    Disable recovery. Don’t lose passwords. Don’t lose 2FA. Problem solved.

  2. 1. This is why you should never use the same password on more than one site.

    2. This is why no site should use SMS as a 2nd factor alone. As if SIM-swapping is a new thing in 2021.

    3. Don’t use coinbase

What do you think?

Bitcoin and Ethereum Correct After Clearing Key Hurdles

Bitcoin and Ethereum Correct After Clearing Key Hurdles

SEC Delays Bitcoin ETF Approvals Once Again