Post
Topic
Board Bitcoin Discussion
Re: Allegedly Coinbase prevented 1,000 customers From Sending Funds to the Hackers
by
Nellayar
on 22/07/2020, 23:18:16 UTC
Crypto exchange Coinbase has said that it prevented little over 1,100 customers from sending bitcoin to Twitter hackers who hijacked high-profile accounts to advertise a bitcoin scam last week.

If Coinbase didn't take the step, these customers would have collectively sent 30.4 bitcoin (currently worth about $278,000) to hackers, the exchange's chief information security officer, Philip Martin, told Forbes. Notably, this amount is more than twice the actual amount ($121,000) that hackers collected via victims.

https://www.theblockcrypto.com/post/72200/coinbase-says-it-prevented-over-1000-customers-from-sending-280000-worth-of-bitcoin-to-twitter-hackers

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Excellent operational work. If all exchanges had taken such measures in time, the hackers would probably have received significantly less.
What do you think?
It just shows how cryptocurrency industry learned from the past hacking events. They already have an idea to trap users who have suspicious moved in their exchange. I am not a coinbase user but this is a good thing because they have excellent work in regards to the security. What matters most for me is that who are the people behind the twitter account hacking? I hope they will be found so that hacking will become more difficult and eradicated in crypto space.