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Author Topic: Over $40000 has been stolen from Bitcoin wallet provider Coinbase  (Read 796 times)
Crypto0 (OP)
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February 09, 2014, 12:51:28 AM
 #1

http://www.theverge.com/2014/2/7/5386222/a-string-of-thefts-hit-coinbase-bitcoins-most-reputable-wallet-service
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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odolvlobo
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February 09, 2014, 03:36:23 AM
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So, the money wasn't stolen from Coinbase. It was stolen from couple of Coinbase customers when they fell for a phishing attack.

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Barek
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February 09, 2014, 04:22:25 AM
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Pretty much, but that does not sell very well.

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February 09, 2014, 01:38:06 PM
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Even with phishing attacks, the company deserves some blame.  It doesn't mean the customer in this case deserves or will get a refund, but less savvy users sometimes need to be reminded not to fall for these scams.  Coinbase should remind users on their website to not fall for this, if they don't already.  If the user had been using two factor authentication like I do, this would have been avoided.

I'm sure $40,000 is tiny compared to what has been taken from Paypal accounts or regular online banking customers.  Really small news and to be expected as Coinbase grows.

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February 10, 2014, 06:04:23 AM
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phishing hackers are starting to target the bitcoin community, we are all responsible of securing our data and privacy, especially when it gives access to wallets...
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