Coinbase

SIM Card Attack

Estimated loss

$100.0K

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

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. Attack method (per SlowMist): SIM Card Attack. Reported loss: $ 100,000.

Primary source

https://cointelegraph.com/news/hackers-steal-100-000-worth-of-btc-from-engineering-manager-at-crypto-custodian-bitgo ↗

Sourced from

slowmist

Technical record