Coinbase Says It Prevented Over 1,000 Clients From Sending $280,000 Value of Bitcoin To Twitter Hackers

Crypto alternate Coinbase has mentioned that it prevented little over 1,100 prospects from sending bitcoin to Twitter hackers who hijacked high-profile accounts to promote a bitcoin rip-off final week. From a report: If Coinbase did not take the step, these prospects would have collectively despatched 30.four bitcoin (at present value about $278,000) to hackers, the alternate’s chief info safety officer, Philip Martin, advised Forbes. Notably, this quantity is greater than twice the precise quantity ($121,000) that hackers collected by way of victims. Regardless of Coinbase’s motion, its 14 prospects nonetheless fell prey to the rip-off and despatched round $3,000 value of bitcoin to hackers earlier than the alternate blacklisted their addresses, mentioned Martin. Gemini, Kraken, and Binance customers additionally tried sending bitcoins to the addresses, however not as a lot as Coinbase’s prospects, per the report. All these exchanges moved to dam the addresses as quickly because the rip-off got here to mild.

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