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Scam Alert

Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions

October 26, 2022 - Around 2 mins mins to read
Recently, there have been frequent incidents of hacking and theft by cryptocurrency exchanges. Following such exchanges as FTX, Binance US, and Bittrex, users’ API KEYs were leaked, and they were attacked by knock-on transactions. The most recent victim was a user of Coinbase US.
Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions
Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions 2

Wu Blockchain reported that after FTX and other exchanges successively leaked user API KEYs and stolen money from knock-on transactions, an American user said that Coinbase also had a similar problem, and his account suddenly traded on October 22. Small coins such as RLY, QSP, FOX, FIS, MCO2, etc., were stolen for about $7,700.

The US user mentioned that he did not use the automated program trading service 3Commas. In this regard, Coinbase stated that it could not handle it and recommended that users contact law enforcement agencies. Those users who authorize API KEY to interact with trading robots need to pay special attention to such risks.

Earlier, an FTX user was suspected of leaking the API KEY of the exchange account on the fake 3Commas website. Later, there were sporadic cases of users being phished.

After the joint investigation by 3Commas and FTX, 3Commas issued an announcement stating that the attackers were suspected of using phishing to trick users into registering on fake websites to obtain API KEYs and then attack.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Scam Alert

Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions

Recently, there have been frequent incidents of hacking and theft by cryptocurrency exchanges. Following such exchanges as FTX, Binance US, and Bittrex, users’ API KEYs were leaked, and they were attacked by knock-on transactions. The most recent victim was a user of Coinbase US.
Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions
Not Only FTX, Binance US, But Even Coinbase US Were Also Attacked By Knock-on Transactions 4

Wu Blockchain reported that after FTX and other exchanges successively leaked user API KEYs and stolen money from knock-on transactions, an American user said that Coinbase also had a similar problem, and his account suddenly traded on October 22. Small coins such as RLY, QSP, FOX, FIS, MCO2, etc., were stolen for about $7,700.

The US user mentioned that he did not use the automated program trading service 3Commas. In this regard, Coinbase stated that it could not handle it and recommended that users contact law enforcement agencies. Those users who authorize API KEY to interact with trading robots need to pay special attention to such risks.

Earlier, an FTX user was suspected of leaking the API KEY of the exchange account on the fake 3Commas website. Later, there were sporadic cases of users being phished.

After the joint investigation by 3Commas and FTX, 3Commas issued an announcement stating that the attackers were suspected of using phishing to trick users into registering on fake websites to obtain API KEYs and then attack.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News