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

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October 1 (Businesshala) – Hackers stole the accounts of at least 6,000 customers of Coinbase Global Inc., according to a breach notification letter sent by cryptocurrency exchange to affected customers.

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According to a copy of the letter, the hack took place between March and May 20 of this year. Here Posted on the website of the Attorney General of California.

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Unauthorized third parties exploited a flaw in the company’s SMS account recovery process to gain access to the accounts, and not transfer funds to crypto wallets linked to Coinbase, the company said.

“We have promptly corrected the flaw and have worked with these customers to regain control of their accounts and reimburse them for the money they lost,” a Coinbase spokesperson said on Friday.

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The company said the hackers needed to know the email addresses, passwords and phone numbers associated with the affected Coinbase accounts, and access personal emails.

Coinbase said there was no evidence to suggest the information was obtained from the company.

The hack was first reported by technology news portal Bleeping Computer. (Reporting by Niket Nishant in Bengaluru; Editing by Shaunak Dasgupta)

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