Coinbase fires compromised agents in India, says security chief

Summary

Coinbase terminated a group of customer support agents in India for their alleged role in social engineering attacks on users. These agents reportedly allowed scammers access to user data, leading to phishing attacks that could cost Coinbase between $180 million and $400 million in remediation. Qiao Wang, from Alliance DAO, reported being targeted by scammers who accessed his data through compromised agents and attempted to steal his funds. The scammers claimed to have made $7 million in a day. Coinbase's chief security officer highlighted the issue, but further comments from the company were unavailable at the time. The situation is ongoing.

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