Binance, Kraken Foil Social Engineering Attacks Mirroring Coinbase Breach

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2025-05-19 05:15:32

Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack

Another day, another crypto hack—except this time, the good guys won. Binance and Kraken just swatted away coordinated social engineering attacks nearly identical to the one that drained $90M from Coinbase last year. Hackers clearly didn’t get the memo that ‘insider threat’ isn’t a how-to manual.

Security teams at both exchanges spotted the phishing attempts—fake IT requests, spoofed exec emails—before any damage was done. Turns out ‘verify first, click never’ actually works. Who knew?

Meanwhile, Wall Street still thinks two-factor authentication is ‘that crypto thing.’ Priorities, people.

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