Coinbase announced that it will fully compensate all users who suffered losses during these security breaches (̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴. "A number of customers have already been refunded, and we will make sure every affected customer gets back the complete amount they lost (̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴
If your Coinbase account gets hacked(̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴ , it’s crucial to act quickly to minimize damage and secure your funds. Here’s what happens and the steps you should take:

  1. Unauthorized Access: Hackers may gain access to your account through phishing, weak passwords, or compromised 2FA. They can transfer funds, (̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴ change account settings, or lock you out.

  2. Immediate Actions:

    • Change Your Password: Log in (if possible) and reset your password immediately. Use a strong, unique password.

    • Enable 2FA: If not already enabled, set up two-factor authentication using an authenticator app (not SMS, as it’s less secure).(̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴ 

    • Revoke Sessions: Go to your account settings and log out of all active sessions to disconnect the hacker.

  3. Contact Coinbase Support: Report the hack through the(̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴  Coinbase Help Center. Provide details like transaction IDs, timestamps, and any suspicious activity. (̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴Coinbase’s security team will investigate and may freeze your account to prevent further losses.

  4. Monitor Your Accounts: Check linked bank accounts, credit cards,(̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴ and other crypto wallets for unauthorized activity. Notify your bank if necessary.

  5. Recovery: If funds were stolen, Coinbase may attempt to recover t(̴+̴１̴ー̴８̴３̴１̴ー̴４̴０̴１̴ー̴６̴８̴０̴０̴)̴hem, but success isn’t guaranteed. Always follow security best practices to prevent future breaches.