{"id":11476,"date":"2021-08-31T14:53:48","date_gmt":"2021-08-31T18:53:48","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11476"},"modified":"2021-09-01T09:28:29","modified_gmt":"2021-09-01T13:28:29","slug":"coinbase-erroneously-reports-2fa-changes-to-customers","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/coinbase-erroneously-reports-2fa-changes-to-customers\/","title":{"rendered":"Coinbase Erroneously Reports 2FA Changes to Customers"},"content":{"rendered":"\n<p>Coinbase, a cryptocurrency exchange, assured customers that the automated, two-step verification messages sent to 125,000 customers by email and text message were incorrectly sent and not the result of hacker activity.<\/p>\n\n\n\n<p>The cryptocurrency exchange stated its system began sending erroneous messages at 1:45pm Pacific time on Friday and continued until fixed at 3:07pm.<\/p>\n\n\n\n<p>Coinbase spokesman Andrew Schmitt explained the cause of the incident, stating: &#8220;All of a sudden, the system just started sending stuff like a bug in the system but it was not a malicious or third party error.&#8221;<\/p>\n\n\n\n<p>The messages resulted in many Coinbase customers panic-selling thousands of dollars worth of cryptocurrencies. Unlike most major financial institutions, the platform does not provide insurance against cyberfraud.<\/p>\n\n\n<p>For more information, read the<a href=\"https:\/\/arstechnica.com\/information-technology\/2021\/08\/coinbase-erroneously-reported-2fa-changes-to-125000-customers\/\" target=\"_blank\" rel=\"noopener\"> original story<\/a> in Arstechnica.<\/p>","protected":false},"excerpt":{"rendered":"<p>Coinbase, a cryptocurrency exchange, assured customers that the automated, two-step verification messages sent to 125,000 customers by email and text message were incorrectly sent and not the result of hacker activity.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-11476","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11476"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11476\/revisions"}],"predecessor-version":[{"id":11509,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11476\/revisions\/11509"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}