Coinbase Stops A Dangerous Attack From A Skilled Hacker
Binance’s hack made a lot of crypto enthusiasts freak out during the past days.
There are more images of people holding their IDs for the exchange’s verification process which have been posted in Telegram groups. As expected, this triggered a huge panic among users.
Coinbase just stopped a dangerous attack
Now, Coinbase said that it was able to stop an attack from a highly skilled hacker.
In a new blog post, Coinbase said that the hacker began sending emails to more than 12 of its employees back in May.
The Daily Hodl writes that the emails seemed to be from Gregory Harris – a research grants administrator at the University of Cambridge.
“This email came from the legitimate Cambridge domain, contained no malicious elements, passed spam detection, and referenced the backgrounds of the recipients. Over the next couple of weeks, similar emails were received. Nothing seemed amiss.”
On June 17, there’s an email that came from the same address and contained a malicious link.
If the link is opened, it could install malware that’s abler to take over the device.
“Coinbase Security quickly discovered that these emails were anything but ordinary — they were all part of a sophisticated, highly targeted, thought out attack that used spear-phishing/social engineering tactics and, most importantly, two Firefox 0-day vulnerabilities,” according to the official notes.
It’s been reported that in just a few hours, Coinbase Security detected and blocked the attack.
Other than this, Coinbase has recently made headlines again following reports that the exchange is exploring new coins.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.