Coinbase parries Monday hack attack

Coinbase, one of the world’s largest cryptocurrency exchanges was successful at detecting and blocking a hack attack on Monday. The attack came right after the Firefox zero-day bug which the hackers exploited and tried to target the exchange’s employees with a phishing software. Luckily, Coinbase prides itself with industry standard security measures and managed to detect and stop the attack in its tracks. The attack would have been way too devastating for the exchange, as it wasn’t directly targeting individual customers, but the full back-end server of the company, ultimately giving them full access to user funds. The Chief Security