Coinbase Reports Phishing Attack; Reimburses Affected Users

Late last night, payment processing company Coinbase released an announcement via its community platform. According to the head of support, the company had discovered a phishing attack earlier that morning, an attack involving an email that requests users to accept a new terms of service agreement and – in the process – sign in to their account.
On signing in, the account would authorize an attempt to remove BTC from the user’s wallet. According to Coinbase, only a few individuals have been affected and the company has promised to reimburse them for the coins lost, while it investigates further.
The announcement in full:

This post was published at NewsBTC on February 4, 2015.