Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Got hacked and robbed. My mistake for keeping coins on exchange
by
Baofeng
on 31/10/2017, 12:28:03 UTC
Quote from: amila_cs on October 31, 2017, 12:21:24 PM
Quote from: eckmar on October 31, 2017, 10:55:13 AM
Quote from: rushingfn on October 31, 2017, 10:49:45 AM
My coinbase got hacked today. I got a message on my phone saying that my password had changed. I attempted to follow instructions to stop it, but by the time I had, it was too late and the theif emptied out my hot wallet. The only saving grace was that coinbase has vaults which give 48 hour delay. I wish that I would have transferred more coins to the vault as they were protected. Coinbase has some serious vulnerabilities, but whoever the thief was was able to login from my IP and was able to login to my email despite the fact that I had just changed my password. Be careful out there. Cold wallet your coins.

It's never a good idea to store coins on exchange. However I doubt Coinbase has serious vulnerabilities. What happened is that you most likely got infected with a RAT. Its not a problem for the hacker to log in with your IP and your email really. Ways to prevent this is usage of 2FA

Everybody I know is saying not to store coins in Exchanges. But when you are into day trading, how do you manage that. Having coins in the exchange is pretty much easy to buy/sell in sudden market movements

Oh well, hackers strikes again and I'm sorry for you lost. I think they found vulnerabilities in you. Vault is a good practice as well as Google Authenticator. We preached not to put a lot of bitcoin in a exchange because of the chances of a hack, so I also hope that what they took from you is just a small amount of bitcoins, used only for your day trading. I familiar with RAT virus or malware though, will try to research later so that I can prevent myself for being hack as well.