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Coin Edition 2025-05-19 13:15:00

Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports

Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports

Binance and Kraken blocked insider attacks using internal security and access controls Attackers used bribes and Telegram to target exchange staff, mirroring the Coinbase breach Coinbase faces $180M–$400M in costs after insider access led to major customer data leak Two major cryptocurrency exchanges, Binance and Kraken, reportedly prevented recent social engineering breaches aimed at their customer service teams. These actions averted a security incident similar in nature to the recent Coinbase compromise. According to reports , the failed attacks involved attackers offering bribes and sharing instructions via Telegram; importantly, these attempts were detected before any customer data was exposed. Attack Tactics Echo Coinbase Compromise Involving Insiders, Overseas Staff The attempts focused on persuading support agents at both Binance and Kraken to reveal sensitive user data or allow unauthorized system access. Attackers contacted staff directly, offered money for cooperation, and gave Telegram* handles for more communication. These methods closely match tactics used in the Coinbase breach, where insiders reportedly got paid to release client infor… The post Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports appeared first on Coin Edition .

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