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COINBASE HACKED!! Stop Using SMS 2FA!!



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Coinbase has disclosed that at least 6,000 accounts were hacked between March and May, and users had crypto funds stolen. This hack affected accounts using SMS 2 factor authentication. Coinbase did report that they will reimburse lost funds. SMS 2FA is not safe. Stop using SMS 2FA. Instead, for exchanges, use either the Authenticator app, Authy or a Yubikey. Another storage option to consider is an external hardware wallet.

Ledger Nano S vs X - https://www.youtube.com/watch?v=l6TuEistrOI&t=16s

How To Set Up Authenticator 2FA - https://www.youtube.com/watch?v=4REHWWk2DyM&t=370s

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Category
Cryptocurrencies
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