As one of the most popular cryptocurrency exchanges, Coinbase has been a Target for hackers and malicious actors since its inception. In recent years, the exchange has taken steps to improve its security, but is it enough to keep users’ funds safe?

In July 2017, Coinbase was the victim of a major hack that saw over $1 million worth of Ethereum stolen from user accounts. The attack was made possible by a vulnerability in the platform’s code that allowed hackers to gain access to user accounts.

While Coinbase did reimburse users for their lost funds, the incident highlights the dangers of storing funds on an exchange.

Since then, Coinbase has implemented a number of security measures to try and prevent another attack from happening. These include 2-factor authentication, insurance for user funds, and regular security audits.

However, it is still possible for hackers to Target individual users if they are not careful with their security.

The best way to keep your funds safe is to never store them on an exchange in the first place. If you must use an exchange, make sure to only deposit what you need to trade and withdraw your profits as soon as possible.

You should also use a strong password and enable 2-factor authentication if available. By taking these precautions, you can help protect yourself from becoming a victim of hacking.