More Trouble in Cryptopia: Wormhole hack swipes $320 mil+

[RARI_Godwind]

Super happy that so many people have heavily invested into crypto, and by virtue it has brought the fckery. This will probably ripple for a while.

6 Cert Cyber Kleptomaniacs maniacs think they Lupin the 3rd out here. Stay safe deregulated brehs.

 

[jdubnyce]

Not crypto savy at all

If you have your crypto on an external hard drive or wallet, and not on an exchange are you prone to these type of hacks/attacks?

If the answer is no, then why keep your funds on an exchange?

 

[Sbp]

Not crypto savy at all

If you have your crypto on an external hard drive or wallet, and not on an exchange are you prone to these type of hacks/attacks?

If the answer is no, then why keep your funds on an exchange?

No. And you NEVER leave your coins on an exchange.

Edit: There's a saying in crypto "Not your keys(private keys) , Not your coins"

 

[The Guru]

How would they cash in on the stolen shyts? Do they just transfer it to another account and use it? No alarm bells go off?

 

[Standing on business]

No. And you NEVER leave your coins on an exchange.

Edit: There's a saying in crypto "Not your keys(private keys) , Not your coins"

For reference


Coinbase says hackers stole cryptocurrency from at least 6,000 customers
(COIN.O), according to a breach notification letter sent by the cryptocurrency exchange to affected customers.

The hack took place between March and May 20 of this year, according to a copy of the letter posted on the website of California's Attorney General.

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

Register now for FREE unlimited access to Reuters.com
"We immediately fixed the flaw and have worked with these customers to regain control of their accounts and reimburse them for the funds they lost," a Coinbase spokesperson said on Friday.

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

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

News of the hack was earlier reported by technology news portal Bleeping Computer.

 

[Sbp]

For reference


Coinbase says hackers stole cryptocurrency from at least 6,000 customers
(COIN.O), according to a breach notification letter sent by the cryptocurrency exchange to affected customers.

The hack took place between March and May 20 of this year, according to a copy of the letter posted on the website of California's Attorney General.

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

Register now for FREE unlimited access to Reuters.com
"We immediately fixed the flaw and have worked with these customers to regain control of their accounts and reimburse them for the funds they lost," a Coinbase spokesperson said on Friday.

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

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

News of the hack was earlier reported by technology news portal Bleeping Computer.

Problem is the average retail investor just got into crypto last year so they know next to nothing about crypto and think it really is just magic internet money. Good thing about coinbase is it's FDIC insured so the average Joe would get all of their money back.

 

[Uitomy]

Problem is the average retail investor just got into crypto last year so they know next to nothing about crypto and think it really is just magic internet money. Good thing about coinbase is it's FDIC insured so the average Joe would get all of their money back.

Average people lazy about acquiring knowledge on literally EVERYTHING tho, that’s the biggest issue. Beyond crypto people don’t wanna read up on history, tech, health, finance, anything that isn’t entertainment honestly. Most people see prices going up and don’t even question why they just complain and then keep paying, it is what it is

 

[Genos]

Think being unregulated makes you safer brehs

 

[The Fade]

I have a ledger I still need to learn how to use

 

[SAINT]

Time to double down

 

[High quality poster]

Big Worm! They told y’all from the jump what it was.

 

[Formerly Black Trash]

I have a ledger I still need to learn how to use

It's easy

 

[Blackrogue]

Time for me to use my brain power to learning computers
Money everywhere

 

[Killah Ray]

Use a wallet. Leaving it on an exchange is asking to be took from…

 

[Sbp]

Think being unregulated makes you safer brehs

No it's not safer but you will definitely keep more of your money.