Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Coinbase accidentally sends 2FA reset notices creating panic among users

The faux pas caused panic among thousands of the crypto platform's users who received the notices.

Image by: Marco Verch / Flickr

Tue, 31 Aug 2021, 15:57 pm UTC

Users of the crypto exchange Coinbase accidentally sent emails to the platform’s users notifying them that their two-factor authentication (2FA) has been reset. The faux pas caused panic among thousands of users who received the notices.

The crypto exchange accidentally sent the notices on Friday, August 27, between 1:45 pm to 3:07 PST. Coinbase erroneously sent emails to 125,000 users of the platform.

Coinbase assured customers that the issue has already been fixed. “Our teams immediately recognized the problem and worked as quickly as possible to ensure these erroneous notifications were stopped and the underlying issue fixed,” the company said.

On Sunday, the company apologized to affected users for the blunder. “We’re laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality,” Coinbase posted on Twitter. “We recognize that issues like this can hurt that trust. We will continue to work to gain back the trust of every one of our customers who was impacted by those notifications.”

The erroneously sent email caused panic among users of the crypto platform. Many were unsure if their accounts were drained by hackers, according to CNBC.

One customer even sold all his crypto holdings on Friday after receiving Coinbase’s notice. The reason given for the liquidation is to keep the funds secure in case a hacker was behind the emails.

Coinbase explained that there is no hacker behind the notices and that it was were an error. “We believe that the only way to build trust with our customers is to be transparent when we mess up,” a company spokesperson said.

The company immediately sent another email explaining to customers that the previous email was an error and that no security settings were changed.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Juan
  • 2021.12.04 23:50:42
Have you been scammed of money or bitcoin?, if you have, and you choose to let it go then this post isn’t for you. However, if you’d like to recover your lost bitcoin or money, or even expose the perpetrators of such malicious act, then I know just the right person for you, and for the best part it’s free!!’ contact Jake on the details below, be sure to refer to this post to avoid going back and forth.

Contact Jake;

Email: jaketechconsultanc [email protected]

Phone: +17319379575

WhatsApp: +17319379575
  • 0
  • ·
  • 0
  • CurrySandra
  • 2021.10.02 22:57:21
HACKINGPROFESSIONAL is the answer to all your Credit issues,Recovery of lost Bitcoin and Binary Option scam issues. They've been so good to me and are so reliable. write him via: HACKINGPROFESSIONAL3 AT GMAIL DOT COM
  • 0
  • ·
  • 0
  • Moses
  • 2021.09.27 23:43:52
I am a crypto currency trader and i make over 200% daily trading all day and night and also by passing even when market is down and others are resting , If you are interested, I can teach you how to trade and also help you achieve your goal in life with crypto i can turn 4 btc into $340,000.00 in less than four weeks, now that bitcoin has high prices...please note that crypto currency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins , bitcoin can also be traded for Ethereum, Litecoin, United States Dollar, Ripple, Euro, IOTA, and other stocks you need to put to trading on a daily basis with a very correct strategy and a target of profit as you get into the trading market with your capital. Also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more me on [email protected]
Note it’s always better to learn on how to trade yourself than let another take advantage of your hard earned money and keep on promising you its better you just inbox to learn I don’t help anyone in trading thnk you and God bless you.
  • 0
  • ·
  • 0
  • Austyn
  • 2021.09.10 08:44:29
I have contact a lot of this firms for recovery and ethical hacking ,they ask for money even when they say no upfront payment,they’ll still demand without no positive result .Today I successfully recovered lost Bitcoin and perfectly re coupled lost funds with out having to pay upfront.all you need to do is send a message to the Pro with a skillful hand and a caring heart ♥️ PERFECT WALLET RECOVERY HAT g M a I l and what app +1 three zero seven eight hundred one seven nine zero
  • 1
  • ·
  • 0
  • Marronk
  • 2021.09.06 13:28:57
How Our Cryptocurrency And Wallet Recovery Services Work

Bitcoin recovery, and cryptocurrency recovery in general, requires strong knowledge of blockchain technology, especially in circumstances where your hope is to recover funds from a forked coin. The specific assistance you will require can vary depending upon the reasons your coins are inaccessible, but in every case, having computer experts working for you is key to recovery. Contact; info @ climaxrecovery, com or visit our website climaxrecovey, com

Bitcoin Recovery Co. offers something other Bitcoin recovery services don’t. Because of the collaboration between Bukh Law Firm and CyberSec, you will have some of the world’s most notorious hackers using their knowledge of decryption and password recovery tools to access your locked wallet or your lost coins.

The skills these hackers once used to breach the private information of billionaires and individuals on the Forbes 400 list are now used for good – and the real world knowledge of obtaining passwords that these hackers put to work on recovering your coins is something that simply cannot be replicated. While brute-force guessing of passwords is impossible due to the security measures taken by Bitcoin to ensure the security of wallets, the techniques and tools used by Bitcoin Recovery Co. make it possible to recover passwords in many situations where accessing your wallets or coins seems impossible.

Working with Climax Recovery Com. provides you with more than just expert help from some of the world’s best hackers and computer experts. Because our cryptocurrency recovery service is part of a partnership with Bukh Law Firm, you can rest assured that your funds are always safe from misapproriation. Bukh Law Firm is a trusted Climax Recovery Com. in cybersecurity law and the firm will serve as an escrow service to ensure your Bitcoins are protected and that the funds recovered will safely be returned to you.
Contact; [email protected], com or visit our website climaxrecovey, com
  • 0
  • ·
  • 0
  • Veband
  • 2021.09.02 22:42:19
This is to inform the General public that, It has been Approved and Confirmed by us that ( HQRECOVERY22 at G M A I L dot C O M )is a certified and 100% Efficient Fund Recovery Expert. BITFINEX is giving them all the credit for their commendable effort in the Recovery and Sucessful return of our 2016 stolen BTC. We want to Recommend their Services, And the General public is safe to do business with them. And please Note; They do not receive any Upfront Payment.
Text or WhatsApp: + 1 9 1 4 8 2 9 1 5 4 1
303 Second St., Suite 900 South Tower,
San Francisco, CA 94107
  • 0
  • ·
  • 0
  • Bitcoin (btc) $49,099.00 (+0.11%)
  • Ethereum (eth) $4,159.59 (+1.23%)
  • Binance Coin (bnb) $547.55 (-2.20%)
  • Tether (usdt) $1.01 (+0.81%)
  • Solana (sol) $192.94 (-1.13%)
  • Bitcoin (btc) $49,099.00 (+0.11%)
Jul 15, 2021 (Thursday)
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.