I was reading through the thread on Coinbase facilitating phishing attacks (link) and I was initially scared. Seconds later, I realized it's not that big of an issue; as they could easily prevent users without a linked bank account from using that endpoint; and doing some offline queries to detect previous attempts at this or online rate-checking to detect further attacks and request for the "offending" user to clarify their intention or get their rate limited, account temporarily disabled, etc.
Then I started to look through the comments, and I saw some people that were strongly concerned with the issue. I noticed they had little karma and people strongly concerned with the bug where mostly throwaway accounts. One user even claimed he had his bitcoins stolen through this medium:
I think this may very well be a concerted PR attack on Coinbase. It may come from their competition, it may come from a three-letter-agency (because a post in r/Bitcoin is not a post without a paranoid touch), it may come from someone legitimately and extremely concerned with this issue. What I think is quite certain: Coinbase was targeted; and the attack was somewhat successful.
Let's not allow the cryptocurrency movement to be targeted the same way.
submitted by coinbase-def
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from Bitcoin http://ift.tt/1hedA7L
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