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Phishers Swim Around 2FA in Coinbase Account Heists

Threat actors are breaching Coinbase accounts through a phishing campaign, bypassing two-factor authentication (2FA) to steal from users’ crypto balances. They use spoofed emails imitating Coinbase and a variety of underhanded tactics to gain credentials and control over accounts. An advanced structure lets them utilize 2FA relay methods to bypass Coinbase’s multi-factor authentication. The stolen funds are then dispersed through multiple transactions across ‘burner’ accounts in an attempt to hide their trail.

Source: threatpost.com –

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