Coinbase Fixes UX Glitch That Caused False Security Alerts

Coinbase has resolved a user interface issue that mistakenly displayed failed password attempts as two-factor authentication (2FA) failures in account logs. The crypto exchange has updated its system to accurately label these events, easing user concerns about potential security breaches. Multiple users had reported anomalies, but Coinbase confirmed the issue was a logging error rather than a breach.

Coinbase Resolves UX Error That Triggered False Security Alerts

Coinbase has addressed a user interface glitch that erroneously displayed failed password attempts as two-factor authentication failures in account logs. The crypto exchange updated its system to correctly label such events as "Password attempt failed," alleviating concerns among users who suspected a breach.

Multiple users reported anomalies, citing unique passwords and no evidence of malware. Coinbase confirmed the logging system misattributed incorrect password entries as 2FA failures, even when attackers never reached the authentication stage. The swift resolution underscores Coinbase’s commitment to maintaining trust through transparent error correction.

Coinbase Bitcoin Yield Fund Targets 4%-8% Yield, Eyes $1B Inflows

Coinbase Asset Management is launching a Bitcoin Yield Fund (CBYF) for non-U.S. institutional investors, offering annualized returns of 4% to 8% paid in Bitcoin. The fund, set to debut on May 1, 2025, employs conservative basis trading strategies and third-party custody to mitigate risk.

The move addresses growing institutional demand for compliant yield products in the Bitcoin ecosystem. Coinbase’s initiative reflects accelerating adoption of cryptocurrency by traditional finance players seeking low-risk exposure to digital asset yields.