According to Bloomberg, major crypto exchanges Binance and Kraken have become targets of social engineering attacks similar to the recent hack of Coinbase. The attackers attempted to bribe support staff to gain access to confidential user data, such as account balances and addresses. Unlike Coinbase, where the data breach could cost up to $400 million, Binance and Kraken successfully repelled the attacks due to internal security systems. Binance employed AI bots to detect suspicious bribery offers, while Kraken restricted access to data.
Coinbase reported that hackers bribed foreign support agents, obtaining data from less than 1% of users. The exchange refused to pay a ransom of $20 million, offering the same amount for information about the perpetrators. The incident highlights the rise of social engineering attacks in the crypto industry, where assets worth $2.2 billion were stolen in 2024. Binance and Kraken demonstrate the effectiveness of AI and strict security protocols. Stay tuned for news to protect your assets!
#CryptoSecurity #Binance #Kraken #coinbase #Phishing #Blockchain #CyberAttack #MiningUpdates
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