Major cryptocurrency exchanges Binance and Kraken successfully repelled the same type of hacker attack using social engineering that was recently identified at Coinbase Global Inc. This information came from Bloomberg citing sources who wished to remain anonymous.
Both digital platforms successfully repelled the attacks, ensuring the safety of customer data, according to sources. Representatives from Binance and Kraken declined to comment on cybersecurity issues.
Cybercriminals have consistently targeted cryptocurrency companies and market participants since the industry's inception more than a decade ago. The number of attacks often increases with the rise in the value of digital currencies, as has been the case recently. Numerous exchanges, including Bybit, Bitfinex, and FTX, have lost billions over the years due to hackers.
Binance and Kraken were subjected to attacks similar to those faced by Coinbase. However, their internal policies and technologies successfully prevented these attacks, sources added. Reportedly, Binance encountered fraudsters attempting to bribe customer support agents, and a contact in Telegram was provided to communicate with the violator, according to one source.
