Coinbase says it halted more than $280,000 in bitcoin transactions during Twitter hack
Illustration by Alex Castro
The cryptocurrency exchange Coinbase said that it stopped around 1,100 customers from sending bitcoin to hackers who gained access to high-profile Twitter accounts last week.
Last Wednesday, over 100 Twitter accounts, some belonging to major companies like Apple and high-profile people like Vice President Joe Biden and Bill Gates, were hacked as part of a massive coordinated bitcoin scam. According to Twitter, the hackers were able to convince some of the company’s employees to use internal systems and tools to access the accounts and help the hackers defraud users into sending them bitcoin.
According to Forbes, Coinbase and other cryptocurrency exchanges were able to stop some customers from sending bitcoin to the hackers by...
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