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Crypto Exchange Coinbase Suffers Security Breach Again By CoinQuora

by Mike Robinson

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Crypto Exchange Coinbase is again subject to security breach
  • Another security flaw occurs at Coinbase (NASDAQ)
  • Hackers stole over 6,000 counters
  • A vulnerability in the company’s MFA lead to the security breach.

Coinbase, one of the world’s largest crypto exchanges, has reportedly suffered another security breach. Specifically, hackers came across a vulnerability they used to bypass the company’s SMS multi-factor authentication (MFA) security feature. Coinbase reported that hackers took money from more than 6,000 customers.

Coinbase details that the vulnerability was found in their SMS account recover process. The hackers were able to obtain the SMS two-factor authentication token required to access secured accounts. To conduct the attack, Coinbase says the attackers needed to know the customer’s email address and password. Their Coinba…

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