Coinbase Security Breach: 3,420 Names, Passwords, And Email Addresses Exposed
Now, Coinbase is in the news again and this time it’s far from being something positive.
Coinbase exposed user data
The crypto exchange revealed that it accidentally exposed the passwords of 3,420 customers due to a security glitch that took place.
The exchange claims that some of the customers’ registration details have been temporarily stored in plain text files on the internal server of the platform.
“Under a very specific and rare error condition, the registration form on our signup page wouldn’t load correctly, which meant that any attempt to create a new Coinbase account under those conditions would fail. Unfortunately, it also meant that the individual’s name, email address, and proposed password (and state of residence, if in the US) would be sent to our internal logs,” according to official notes.
On the other hand, the exchange doesn’t think that bad actors found the files. Still, they decided that it's worth taking precautionary measures just in case anyone accessed the data.
“After we identified and fixed the bug, we traced back all the places where these logs might have ended up. Access to all of these systems is tightly restricted and audited. A thorough review of access to these logging systems did not reveal any unauthorized access to this data,” according to reports from the Daily Hodl who cites official data.
Coinbase also said that they triggered a password reset for all affected users.
Binance was recently hacked
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018