The major cryptocurrency exchanges, Binance and Kraken, are said to have successfully thwarted the same type of social engineering attack that Coinbase Global Inc recently faced. This information was reported by Bloomberg, citing sources who requested anonymity.
Both digital asset platforms have successfully repelled attacks, ensuring that no customer data was lost, according to sources. Representatives from Binance and Kraken declined to comment on the cybersecurity issue.
Hackers have continuously targeted cryptocurrency companies and market participants since the industry emerged more than a decade ago. The number of attacks often increases when the value of cryptocurrencies surges, as has happened recently. Many exchanges, including Bybit, Bitfinex, and FTX, have lost billions of dollars to hackers over the years.
Binance and Kraken have experienced similar attacks to the one Coinbase faced. However, their internal policies and technology have been successful in preventing the attacks, sources added. Binance is said to have encountered scammers attempting to bribe their customer service staff, and a Telegram account was provided to contact the hacker, according to one of the sources.