Post
Topic
Board Bitcoin Discussion
Re: 6000 coinbase clients hacked
by
NeuroticFish
on 02/10/2021, 21:28:49 UTC
This is why what @o_e_l_e_o pointed out here is 1000% correct for so many reasons. https://bitcointalk.org/index.php?topic=5363669.msg58083653#msg58083653

SMS is not AND NEVER WILL BE SECURE.
And adding
Using a SMS to email or other gateway is even less secure then totally not secure. Is there such a thing as anti-secure?

I agree 100% on this. But where would the hacker get from 6k email addresses and their passwords too?
Imho they've got them from Coinbase DB.

If they would have tons of hacked accounts, they would have stolen money from many more people (just because many still don't use 2FA).
Of course, Coinbase using SMS for 2FA was a setup asking for a disaster. And I come back to what I wrote: a proper security audit should have revealed that.