{"id":27402,"date":"2025-05-19T06:01:53","date_gmt":"2025-05-19T06:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27402"},"modified":"2025-05-19T06:01:53","modified_gmt":"2025-05-19T06:01:53","slug":"binance-kraken-thwarted-social-engineering-attacks-similar-to-coinbase-hack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27402","title":{"rendered":"Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack"},"content":{"rendered":"<div>\n<p>Binance and Kraken, two of the world\u2019s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase.<\/p>\n<p>Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-16\/binance-kraken-said-to-have-been-targets-of-coinbase-like-hacks?sref=3REHEaVI\">Bloomberg reports<\/a> citing people familiar with the matter. Both exchanges managed to block the attempts without losing any customer data.<\/p>\n<p>The exchanges faced tactics mirroring those used against Coinbase (COIN), which earlier this week revealed it expects to pay $180 million to $400 million in remediation costs and customer reimbursements after <a href=\"https:\/\/www.coindesk.com\/business\/2025\/05\/15\/coinbase-says-criminals-stole-customer-data-offers-20m-bug-bounty\">attackers gained access to their personal information.<\/a><\/p>\n<p>That breach led to a $20 million ransom demand after the attackers managed to bribe Coinbase\u2019s overseas employees\/contractors to get customer information. The exchange has fired the staff involved and has contacted law enforcement.<\/p>\n<p>At Binance, internal systems including artificial intelligence bots helped detect bribery-related messages, shutting down conversations before they escalated. Policies that limit access to customer data unless users initiate contact also helped mitigate risk.<\/p>\n<p>Coinbase\u2019s reportedly started seeing unusual activity in January, and last December, rival exchanges had begun warning the company about unusual activity targeting its largest clients.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance and Kraken, two of the world\u2019s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase. Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, Bloomberg reports citing people familiar with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27402","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27402"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27402\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}