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Crypto Exchanges Fight Back Against Rising Phishing Attacks

  • A series of recent hacks in the crypto sector, including a $1.4 billion breach at Bybit, highlight the increasing risks in the industry.
  • Coinbase faced a social engineering attack where hackers used tactics to trick customer service agents, resulting in a breach that could cost up to $400 million.
  • Binance and Kraken successfully defended against phishing attempts by using advanced AI tools for early detection, preventing any data leaks.
  • In response to the increasing threat of phishing attacks, crypto exchanges are enhancing their internal security systems to safeguard user information and assets.

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