Crypto exchange Coinbase faces cyberattack, employee targeted

Crypto exchange Coinbase has announced that a hacker stole the login credentials of a company employee to gain remote access to its system, and as a result, obtained some contact information belonging to multiple employees but customer data and funds remained unharmed.

“Coinbase recently experienced a cybersecurity attack that targeted one of its employees. Fortunately, Coinbase’s cyber controls prevented the attacker from gaining direct system access and prevented any loss of funds or compromise of customer information. Only a limited amount of data from our corporate directory was exposed,” Coinbase said in a blogpost.

The company stated that on Sunday (February 5), several employees’ mobile phones started to alert with SMS messages indicating that they need to urgently log in via the link provided to receive an important message.