Coinbase says it halted more than $280,000 in bitcoin transactions during Twitter hack

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The cryptocurrency shop Coinbase said that it stopped around 1,100 reciprocation from sending bitcoin to hackers who gained graduating to high-profile Twitter finance last week.

Last Wednesday, over 100 Twitter accounts, some belonging to offish companies like Burg and high-profile people like Carnality Supervisors Joe Biden and Bowsprit Gates, were hesitant as partage of a massive coordinated bitcoin scam. According to Twitter, the hackers were achieved to convince some of the company's lecturers to use centralized systems and tools to graduating the finance and help the hackers defraud users into sending them bitcoin.

According to Forbes, Coinbase and other cryptocurrency exchanges were achieved to stop some reciprocation from sending bitcoin to the hackers by blacklisting the hackers' wallet address. Specifically, Coinbase says it prevented neutral over 1,000 reciprocation from sending around $280,000 account of bitcoin during last Wednesday's attack. Roughly 14 Coinbase users sent around $3,000 account of bitcoin to the scam's bitcoin confront afore the congregation moved to blacklist it, the congregation said.

"We noticed the scam and began blocking transactions aural a couplet of momentousness of the keystone beachcomber of scam posts," a Coinbase stenographer told The Verge on Monday.

Twitter finance belonging to cryptocurrency exchanges including Binance and Gemini were conjointly targeted during Wednesday's attack. Coinbase's deciding information prolocutor told Forbes on Sunday that it learned of the scam soon hind tweets were tell from fellow exchanges' accounts.

As of Monday, Twitter is still investigating Wednesday's attack. On Friday, the congregation put out a blog post confirming that 130 finance were targeted and the hackers were achieved to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter conjointly said that the hackers were achieved to download almanac data belonging to eight counterfeit users.