Digital Asset
Intelligence
Security Incident · Exchange

Coinbase SIM Card Attack: $100.00K Reported Loss

·Historical incident record

Incident Overview

Hackers steal $100,000+ worth of BTC from engineering manager at Crypto Custodian BitGo. Sean Coonce, engineering manager at cryptocurrency custodian BitGo. According to the post, Coonce had over $100,000 siphoned out of his account on cryptocurrency exchange Coinbase in under 24 hours. Coone details SIM swapping, a practice that sees the attacker maliciously requesting a telecommunications carrier to redirect the traffic of a mobile phone number to a device over which they have control.

Sources & References

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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