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I GOT SCAMMED OUT OF 147,592$ WORTH OF ETH
https://www.reddit.com/r/CoinBase/comments/1hfi4hm/i_got_scammed_out_of_147592_worth_of_eth/
In today’s video, I share an alarming story from Reddit about a user who lost a large amount of Ethereum from their Coinbase account. The hack was made possible after their child installed a Roblox exploit, which disabled the computer’s virus protection and gave attackers remote access to the system, including the Coinbase account secured by a local pass key.
Here’s how to protect yourself:
1️⃣ Pass Keys & 2FA
Coinbase will suggest setting up a pass key and using your computer as the default device. However, to harden your security, you should add an external 2FA app like Google Authenticator and use an external pass key (e.g., YubiKey, Ledger Flex/Stacks) to prevent unauthorized access.
2️⃣ Storing Large Amounts of Crypto Safely
For large amounts of crypto, always store them in a hardware wallet. While exchanges like Coinbase are essential for trading, offloading, and cashing out, it’s critical to minimize risk by keeping your significant holdings offline.
Learn how to set up stronger security today and keep your crypto safe! 🔒
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💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.