Coinbase targeted with two major zero-day vulnerabilities that affect the Mozilla Firefox browser were identified after hackers tried to reach the major crypto exchanges. As reported in the latest cryptocurrency news, the hackers tried to penetrate the coinbase infrastructure.
The security expert at Coinbase Philip Martin confirmed the news on Wednesday writing on Twitter that the malicious agent used an unreported zero-day vulnerability in an attempt to get to the employees of the Exchange. Mozilla formally addressed the vulnerabilities on June 18 and in the meantime, the Google Project Zero security researcher Samuel Gros discovered the bug in April this year.
Martin stated that the security team at coinbase is currently performing analysis of the hacker’s infrastructure and methodologies in an attempt to understand fully what happened to the exchange’s network more clearly and to try and find out who might be responsible.
Martin also pointed out that coinbase reached out and has started working with other unspecified crypto organizations that could have also been targeted in the new attack campaign. He noted that the customers of the exchange have not been affected by the incident and claimed that the exchange is willing to collaborate with other stakeholders. The good news is that the attack did not end up in disaster since the Coinbase employees were saved from having their accounts commandeered to steal cryptocurrency or worse-to steal users’ data. The attempted attack is another reminder however that the crypto exchange employees are targeted by hackers since they are the ones who hold the keys.
As noted in the coming altcoin news, the hacker did not manage to penetrate the exchange’s infrastructure but not every platform had the luck in recent years. Coinbase targeted by malicious hackers ended up fine but take a look at what Coincheck got after the major hack. Moreover, the experts now believe that they know how the Coincheck attack occurred.
Also, another one of the major exchanges despite Coinbase was Binance whose chief operating officer Changpeng Zhao noted on Twitter:
‘’ How did the hacker know our risk management rules so precisely.’’
The Binance crypto exchange has since optimized the security features of the exchange but the hackers will still continue to penetrate the infrastructure of the major exchanges in any possible weak spots.
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