Cyber Risks · Krebs on Security

How Coinbase Phishers Steal One-Time Passwords

Summary: A phishing site at coinbase.com.password-reset[.]com, aimed at Italian Coinbase users, captured at least 870 sets of credentials before it was taken offline, according to Hold Security founder Alex Holden, whose team accessed the site's administration panel. The phishers identified targets by attempting new Coinbase signups against more than 2.5 million Italian email addresses, checking over 216,000 addresses on Oct. 10 and attempting 174,000 registrations the next day, then phishing the addresses that failed because they were already tied to accounts.

What you should know: The gang pushed a button that prompted victims for one-time passwords in real time, and Coinbase disclosed last month that attackers stole cryptocurrency from 6,000 customers after bypassing SMS multi-factor authentication.

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Topics
Data Breaches
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