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Binance and Kraken Reportedly Fend Off Social Engineering Hack

  • Binance and Kraken were reportedly targeted in a social engineering cyberattack along with Coinbase.
  • Both Binance and Kraken successfully repelled the attacks without compromising customer data.
  • Recently, crypto firms have experienced a rise in attacks as the value of digital assets like bitcoin has increased.
  • Social engineering fraud has increased by 56% in the past year, with fraudsters using advanced tactics to target consumers.

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