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Binance and Kraken Thwart Coinbase-Style Hack Attempt—Exchanges Stay One Step Ahead
Binance and Kraken Thwart Coinbase-Style Hack Attempt—Exchanges Stay One Step Ahead
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Another day, another crypto hack—except this time, the exchanges fought back. Binance and Kraken just dodged a security breach mimicking last month’s Coinbase attack, proving even billion-dollar platforms can learn from rivals’ mistakes (eventually).
How they blocked it: While details remain under wraps, insiders confirm both exchanges triggered emergency protocols—freezing suspicious withdrawals faster than a DeFi rug pull.
The cynical take: Nothing motivates security upgrades like watching a competitor lose $50M in prime trading hours. Maybe next they’ll fix those customer service bots?
Crypto exchange platforms Binance and Kraken recently prevented cyber attacks that were identical to the recent one that affected Coinbase, as per the new report from Bloomberg. These phishing attempts, trying to get customer data, were success... Read More
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