Users who were attempting to login to the LocalBitcoins forum page were instead redirected to a mirrored phishing page. If credentials were entered, the attackers collected them in an attempt to gain access to the accounts. They furthered their efforts by asking for a one-time code if the accounts had 2FA enabled. It was discovered that five out of the six accounts that were affected suffered a total loss of 7.95205862 bitcoins or $28,200 dollars. When LocalBitcoin became aware of the situation, they removed their forum and also temporarily suspended transaction attempts. LocalBitcoin released a statement saying, “We were able to identify the problem, which was related to a feature powered by a third-party software and stop the attack. At the moment, we are determining the correct number of users affected – so far six cases have been confirmed. For security reasons, the forum feature has been disabled until further notice.”
12 Essentials for a Successful SOC Partnership
As cyber threats continue to impact businesses of all sizes, the need for round-the-clock security