Hackers drain cryptocurrency accounts of thousands of Coinbase users

Coinbase, a platform used for buying, selling and storing cryptocurrency, notified over 6,000 customers that they were victims of a targeted campaign to gain access to their accounts that involved a combination of phishing attacks and a flaw in Coinbase’s two-factor authorization system. 

Between March and May of 2021, hackers managed to get into the accounts and move funds off the platform, draining some accounts dry. Thousands of customers had already begun to complain to Coinbase that funds had vanished from their accounts.