Steam Community Reports Coinbase Account Hacked; All Bitcoins Lost

There is a developing story of a hack targeted at the Steam community through their KeyVendor bot.
Steam just started accepting Bitcoin earlier this year, and KeyVendor is a popular bot program within the community that apparently uses Coinbase for Bitcoin security and conversion.
On Monday night, ‘Jambo’ of KeyVendor.net revealed the theft on their Bitcoins and wasted no time laying the blame at the feet of Coinbase.
‘Our payment processor Coinbase.com was exploited and all Bitcoin and keys were stolen from the KeyVendor bot,’ Jambo said in an initial community announcement.
‘These total to about $15,000 USD. This was not, however, a direct security issue with the bot, but rather with Coinbase’s merchant services.’

This post was published at Coin Telegraph on 2016-09-20.