Coinbase warns customers of accidental registration of confidential data due to bug

Coinbase reported in a recent article that a bug resulted in accidental storage of certain registration information. Concerned about the transparency and security of this data, the platform has ensured the repair of the incident without impacting the confidentiality of its customers.

Registration information in clear text

Announced as an internal programming error, the Coinbase bug was discovered on the registration page of the platform when information appeared in clear (unencrypted) text in the server logs.

"In this perspective, the finalization of registration was doomed to failure," she says before adding that the data on names, addresses and passwords were yet loaded to its internal network. For example, the crypto-stock exchange warned about 3,420 customers of the incident before asking to change their passwords.

The bug has been repaired

To highlight the good faith of Coinbase, platform managers detailed the methods of repairing accounts. Following the announcement, careful tracking and tracing of logs was done to ensure absolute access control.

Subsequently, a general reset of the passwords was made in order to eliminate the potential risks of misappropriation of confidential information. At the same time, verification e-mails and other protection devices (2FA mechanisms) were triggered to avoid unexpected connections.

Finally, Coinbase has deepened its explanations by revealing all the technical underpinnings of its internal web server in terms of registration. This transparency is interpreted as proof of commitment by the world's largest custodian of digital assets, knowing that Coinbase has recently acquired Xapo's institutional clients and its $ 7 billion in assets under custody. .

What do you think about this Coinbase registration bug? Comment in the comments section.