Coinbase, Exchanges

Was Coinbase Hacked?

In May of 2019, the popular cryptocurrency exchange Coinbase announced that it had been hacked. Around $40 million worth of bitcoin was stolen from the exchange, which is one of the largest in the world.

The hack sent shockwaves through the crypto community, and raised questions about the safety of crypto exchanges.

NOTE: WARNING: Coinbase has not been hacked, but reports of fraudulent activity, such as phishing attempts, impersonation scams, and other malicious activities targeting Coinbase users have been reported. It is important to be vigilant when using Coinbase and to take steps to protect your account. Be sure to enable two-factor authentication, use a strong and unique password, and monitor your account closely for any suspicious activity.

Coinbase has since reimbursed all of its customers who lost money in the hack, and has implemented new security measures to prevent something like this from happening again. While it’s still unclear exactly how the hack occurred, it’s clear that Coinbase has taken steps to make sure it doesn’t happen again.

So, was Coinbase hacked? Yes, but they’ve taken steps to ensure that it doesn’t happen again.

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