Binance, Kraken said it was targets for coin -based hacks
(Bloomberg) -Binance and Kraken are one of the most important crypto exchanges targeted by the same kind of social engineering recently by Coinbase Global Inc. has been announced, according to people who are familiar with the situation. Both digital asset platforms were able to ward off the attacks without losing customer data, according to the people who asked not to be identified to discuss the assaults. Kraken refused to comment on cyber security issues, and Binance did not respond to requests for comment. While Crypto businesses and market participants have been constant targets of cyber criminals since the earliest days of the industry, the extracts in the attacks tend to coincide with a leap in the value of digital currencies as they did so recently. Countless exchanges, including Bybit, Bitfinex and FTX, have lost billions of rands to hackers over the years. Binance and Kraken were attacked in a similar way to Coinbase, but their internal policies and technologies have pushed the attacks down, people said. Binance saw scammers reach out to its customer service agents with bribery offers, and a telegram handle to contact the culprit, one of the people said. Binance uses artificial intelligence bots to see offers of potential bribes in different languages and to stop the conversations. Many exchanges also allow representatives only to access customer information when clients initiate calls. Last December, security personnel became aware of hackers specifically targeting major coin bosses at various competitive exchanges, people said. At least one exchange, Coinbase’s security team notified by Telegram several times, one of the people said. Coinbase refused to comment on whether it was notified by other exchanges. Coinbase declined to comment on whether it was notified by other exchanges. In the case of Coinbase, hackers bribed customer agents to steal customer data and then demanded a $ 20 million ransom to remove it. The bribe gained access to names, birth dates, addresses, nationalities, ID numbers issued by the government, some banking information, as well as details about when customer accounts were created and their balances, Bloomberg reported earlier. The company told Bloomberg News on Thursday that Coinbase began noticing unusual activities from some of these reps until January. Social engineering attacks have been raising crypto exchanges over the past two years. Hackers are also known to buy the information from Crypto Exchange users, collected via malware, subconsciously installed on the users’ devices, on the Dark Web. By using it, they mentioned some binance users in Israel, for example, trying to transfer their funds into a new wallet that controlled the hackers, two people said. The caller had a beautiful British accent, one of the people said. Separately, the Justice Department has charged 12 people “because they allegedly participated in a cyber-activated conspiracy in the US and abroad that impeded them more than $ 263 million” and the use of social engineering to steal bitcoin. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP