Security Incident · Exchange
Coinbase SIM Card Attack: $100.00K Reported Loss
Hackers steal $100,000+ worth of BTC from engineering manager at Crypto Custodian BitGo.
- Reported loss
- $ 100,000
- Attack category
- SIM Card Attack
Incident Overview
Sean Coonce, engineering manager at cryptocurrency custodian BitGo. According to the post, Coonce had over $100,000 siphoned out of his account on cryptocurrency exchange Coinbase in under 24 hours. Coone details SIM swapping, a practice that sees the attacker maliciously requesting a telecommunications carrier to redirect the traffic of a mobile phone number to a device over which they have control.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.