Altcoins News
By Sakamoto Nashi
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Hacker Swaps Millions and Sends a Mocking On-Chain Message. According to blockchain sleuth ZachXBT, the hacker behind the Coinbase breach carried out a…
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Breach Details: Bribed Agent and 97,000 Compromised Accounts. Coinbase first acknowledged the incident last week, revealing that the breach stemmed from a…
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$20M Ransom Demand Rejected. After securing the data, the attacker reportedly demanded a $20 million ransom from Coinbase in…
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DOJ Starts Investigation, Insider Risk in Focus. In response to the breach, the U.S. Department of Justice (DOJ) has starts a formal probe into…
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$400 Million in Potential Costs. While no direct customer losses have been reported, Coinbase has warned that the total financial…
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Industry Implications: Social Engineering a Persistent Threat. This breach highlights a growing vulnerability within the cryptocurrency sector: social…
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What’s Next?. With federal authorities involved and the on-chain community tracking every move, the hacker’s…
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The recent Coinbase data breach has taken a dramatic turn as the attacker behind the hack moved $42.
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According to blockchain sleuth ZachXBT, the hacker behind the Coinbase breach carried out a substantial swap on Thorchain, converting approximately $42.5 million in BTC to ETH.
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Fortunately, Coinbase clarified that no passwords, private keys, or wallet access credentials were compromised.
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After securing the data, the attacker reportedly demanded a $20 million ransom from Coinbase in exchange for not leaking or selling the stolen user information.
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The attacker’s subsequent actions — including the $42.5M BTC-to-ETH swap and the sale of 8,698 ETH for $22.12 million in DAI — were tracked in real time by blockchain analysts.
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In response to the breach, the U.S. Department of Justice (DOJ) has starts a formal probe into Coinbase’s internal controls and hiring practices.
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Coinbase has since confirmed that 69,461 users had their data compromised. The remaining users were notified as a precautionary measure.
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