5 Steps To Protect Your Crypto Funds After the Coinbase Hack
From Nasdaq
June 12, 2025 11:02:00 AM:
Recently, Coinbase, a popular American cryptocurrency exchange, was targeted by cyber criminals who stole a small amount of customer information. Less than 1% of monthly transacting users were impacted, leading to an attempted extortion of $20 million. Coinbase refused to pay. Users can protect themselves with security tips provided by Coinbase.
Coinbase advises users to lock their accounts if anything seems unusual and contact their security team. They also recommend activating withdrawal ‘allow-listing’ and setting up two-factor authentication (2FA) for added security. Users should disconnect from any potential imposters asking for sensitive information or transfers to unfamiliar digital wallets to protect their funds.
Read more at Nasdaq: 5 Steps To Protect Your Crypto Funds After the Coinbase Hack