Recent reports indicate that Binance and Kraken successfully blocked unauthorized attempts to access user data, amid a broader wave of coordinated digital attacks.<\/p>\n
The incidents occurred shortly after Coinbase revealed its own internal breach involving a group of insiders and hackers. In response, Coinbase launched a $20 million bounty for leads on the perpetrators behind the attack that exposed data belonging to a small portion of its user base.<\/p>\n
Though Binance and Kraken have not issued public statements, the nature of the attacks reportedly mirrored the social engineering tactics often used to compromise staff or exploit internal systems. These techniques, which rely more on manipulation than code, are designed to extract sensitive information or gain backdoor access to exchange infrastructure.<\/p>\n